BRICS is an International Political Organisation of leading emerging economies, arising out of the inclusion of South Africa into the BRIC Group in 2010.
As of 2012, its 5 members are - Brazil,Russia,India,China and South Africa. As of 2012, the five BRICS countries represent almost half of the world's population.
1st BRIC Summit Meeting
2nd BRIC Summit Meeting
3rd BRICS Summit Meeting
4th BRICS Summit - Thursday March 29,2012 in New Delhi,India
Chinese President Hu Jintao arrived in New Delhi Wednesday March 28,2012 on a two-day visit to participate in the BRICS summit and to hold wide-ranging bilateral talks with PM Manmohan Singh
Hu Jintao will meet Russian President Dmitry Medvedev on Wednesday before participating in the BRICS summit on Thursday March 29,2012
PMManmohan Singh will hold talks with the Chinese President on Thursday, on various issues including bridging the trade deficit(India is expected is to raise the issue of huge imbalance in bilateral trade which has exceeded $70 billion, with the surplus heavily in China’s favour) and fast-tracking the new confidence-building measures. The two leaders are expected to declare 2012 as the year of India-China friendship and unveil initiatives to bolster cultural exchanges and people-to-people contacts
BRICS on Wednesday March 28,2012, called for a collective action to deal with theEU Debt Crisis.
“Adversity of financial crisis is being faced by all. There is a need to work together to overcome this problem,” Commerce and Industry Minister Anand Sharma said here at the BRICS Business Forum 2012, organised by the FICCI ahead of the BRICS Summit.
BRICS nations on Wednesday March 28,2012 refused to sever their trade relations with Iran, stating that they were not obliged to follow nuclear sanctions imposed by the United States or the European Union against Tehran
Heads of the BRICS countries President Dilma Rousseff of Brazil, Russian President Dimitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and President Jacob Zuma of South Africa pose prior to the BRICS summit in New Delhi
BRICS to have a New Bank
Addressing the fourth BRICS Summit, Prime Minister Manmohan Singh said that the grouping has agreed to examine in ‘greater detail’ a proposal to set up a South-South Development bank, funded and managed by BRICS and other developing countries
The five emerging BRICS economies added a strong political note to their economic agenda at the Delhi summit on Thursday March 29,2012, joining hands against the West's policies on Iran and Syria. They also signalled displeasure towards the West's management of the global economy.
The BRICS countries, which constitute 43% of the world's population and over 18% of its GDP, had decided to add more political content to their interactions at their China summit last year.
In the Delhi round, Indian PM Manmohan Singh and Brazilian President Dilma Rousseff ,Russian President Dmitry Medvedev,Chinese President Hu Jintao and South African President Jacob Zuma discussed around 20 areas of mutual interest.
Be it Syria or Iran, the grouping wanted to exert its collective weight to have a greater say in world affairs and on issues having a bearing on all of them.
BRICS bank - seen as a possible counterweight to multilateral lenders such as the World Bank - the grouping signed two framework agreements to facilitate inter-banking cooperation.
As of 2012, its 5 members are - Brazil,Russia,India,China and South Africa. As of 2012, the five BRICS countries represent almost half of the world's population.
BRICS Summits
The grouping has held annual summits since 2009, with member countries taking turns to host. Prior to South Africa's admission, two BRIC summits were held, in 2009 and 2010. The first five-member BRICS summit was held in 2011. The next summit is scheduled to take place in India in late March 2012
1st BRIC Summit Meeting
2nd BRIC Summit Meeting
3rd BRICS Summit Meeting
4th BRICS Summit - Thursday March 29,2012 in New Delhi,India
PMManmohan Singh will hold talks with the Chinese President on Thursday, on various issues including bridging the trade deficit(India is expected is to raise the issue of huge imbalance in bilateral trade which has exceeded $70 billion, with the surplus heavily in China’s favour) and fast-tracking the new confidence-building measures. The two leaders are expected to declare 2012 as the year of India-China friendship and unveil initiatives to bolster cultural exchanges and people-to-people contacts
BRICS on Wednesday March 28,2012, called for a collective action to deal with theEU Debt Crisis.
“Adversity of financial crisis is being faced by all. There is a need to work together to overcome this problem,” Commerce and Industry Minister Anand Sharma said here at the BRICS Business Forum 2012, organised by the FICCI ahead of the BRICS Summit.
BRICS nations on Wednesday March 28,2012 refused to sever their trade relations with Iran, stating that they were not obliged to follow nuclear sanctions imposed by the United States or the European Union against Tehran
Heads of the BRICS countries President Dilma Rousseff of Brazil, Russian President Dimitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and President Jacob Zuma of South Africa pose prior to the BRICS summit in New Delhi
BRICS to have a New Bank
Addressing the fourth BRICS Summit, Prime Minister Manmohan Singh said that the grouping has agreed to examine in ‘greater detail’ a proposal to set up a South-South Development bank, funded and managed by BRICS and other developing countries
The five emerging BRICS economies added a strong political note to their economic agenda at the Delhi summit on Thursday March 29,2012, joining hands against the West's policies on Iran and Syria. They also signalled displeasure towards the West's management of the global economy.
In the Delhi round, Indian PM Manmohan Singh and Brazilian President Dilma Rousseff ,Russian President Dmitry Medvedev,Chinese President Hu Jintao and South African President Jacob Zuma discussed around 20 areas of mutual interest.
Be it Syria or Iran, the grouping wanted to exert its collective weight to have a greater say in world affairs and on issues having a bearing on all of them.
BRICS bank - seen as a possible counterweight to multilateral lenders such as the World Bank - the grouping signed two framework agreements to facilitate inter-banking cooperation.
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