# BRICS trade ministers adopt Jaipur Consensus, focus on MSME credit

2026-08-06T21:36:50+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

BRICS trade ministers adopted the Jaipur Consensus on Friday, agreeing to study a joint invoice discounting mechanism and create cash-flow based credit assessment guidelines for MSMEs. The move aims to narrow a $2.5-trillion global trade finance gap. Ministers also finalised a 2026-2030 action plan for supply chain resilience in critical sectors like pharmaceuticals and food security, involving a BRICS Technical Council and the 'BRICS Connect' initiative. The meeting in Jaipur was chaired by Union Minister Piyush Goyal under India's chairship.

## Coverage

- hindustantimes.com <https://www.hindustantimes.com/world-news/us-news/brics-nations-adopt-joint-declaration-for-industrial-cooperation-promotion-of-innovation-101786044748209.html>
- livemint.com <https://www.livemint.com/news/india/brics-trade-ministers-call-for-economic-diversification-internationalisation-of-msmes-11786117516936.html>

Tags: BRICS, India, industrial cooperation, innovation, MSMEs
Canonical: https://indianopinion.org/brics-ministers-adopt-jaipur-declaration-on-industrial-cooperation/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/brics-ministers-adopt-jaipur-declaration-on-industrial-cooperation/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.