BRICS Labour & Employment Ministers’ Meet was held on 26th and 27th July, 2017 in Chonqging, China. Indian delegation to this meet was led by Bandaru Dattatreya, the Minister of State (Independent Charge) for Labour & Employment. M Sathiyavathy, Secretary ( Labour and Employment), Manish Gupta, Joint Secretary, Anuja Bapat, Director and Prof Sasikumar, Sr. Fellow, VVGNLI were also the part of Indian delegation.
Highlights of BRICS Labour & Employment Ministers’ Meet:
China is the chair for the BRICS Labour & Employment Ministers’ Meet for the year 2017.
- The meeting concluded with the adoption of the BRICS Labour and Employment Ministerial Declaration.
- The Declaration covered a variety of areas that are of critical importance to all BRICS countries including India and called upon strengthening collaboration and cooperation on these through appropriate institutionalisation.
- The BRICS Labour and Employment Ministerial Declaration would now be presented to the Leaders/ Head of the State at BRICS Summit scheduled to be held on 3-5th September, 2017 Xiamen, China.
Areas Covered in BRICS Labour and Employment Ministerial Declaration:
- Governance in the Future of Work
- Skills for development in BRICS
- Universal and sustainable social security systems
- BRICS Network of Labour Research Institutions
- BRICS Social Security Cooperation Framework
- BRICS entrepreneurship research
Quick Facts about BRICS:
Acronym BRICS, refers to five major emerging economies viz. Brazil, Russia, India, China and South Africa.
- Originally as per term ‘BRIC’ coined in 2001 by then-chairman ofGoldman Sachs Asset Management, Jim O’Neill, South Africa was not a part of this grouping. It joined in 2010 and thereafter these countries have been collectively referred to as BRICS nations.
- BRICS nations represent about 40% of world’s population and account for nearly 22% of gross world product.