BRICS 2026 workplan seeks internationalisation of MSMEs with wider trade finance, proposes startup innovation fund

Source: Moneycontrol | Original Published At: 2026-09-12 12:32:44 UTC

Key Points

• The BRICS Summit 2026 outcome includes a Workplan on Internationalisation of MSMEs under the Resilience pillar of India’s BRICS chairship.
• The MSME workplan aims to improve access to trade finance, strengthen intra-BRICS trade, and support risk mitigation through guarantees and receivables discounting mechanisms.
• A BRICS MSME Cooperation Portal is proposed to facilitate information exchange, institutional networking, and coordination among MSMEs, trade associations, financial institutions, and policymakers.
• A separate workplan aims to develop the BRICS Global Value Chains Action Plan for 2026-2030, including initiatives such as a BRICS Technical Council.
• BRICS has proposed a Startup Innovation Fund, a BRICS Incubator Network, and a BRICS Youth Startup Platform to support startups and improve cross-border market access.
• The BRICS Working Group on International Taxation and Transfer Pricing will focus on treaty interpretation, dispute prevention, transfer-pricing administration, safe harbours, advance pricing agreements, and a unified voice at international tax platforms.