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BRICS

The BRICS summit is an annual meeting between the leaders of Brazil, Russia, India, China and South Africa - the five major emerging economies referred to as the BRICS nations. The first BRICS summit was held in 2009 in Russia and they have continued annually, with the most recent hosted by South Africa in 2013. Collectively the BRICS nations represent over 3 billion people and have a large combined GDP and foreign reserves.

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0% found this document useful (0 votes)
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BRICS

The BRICS summit is an annual meeting between the leaders of Brazil, Russia, India, China and South Africa - the five major emerging economies referred to as the BRICS nations. The first BRICS summit was held in 2009 in Russia and they have continued annually, with the most recent hosted by South Africa in 2013. Collectively the BRICS nations represent over 3 billion people and have a large combined GDP and foreign reserves.

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Dhiru Cares
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HISTORY OF BRICS SUMMIT

BRICS, originally "BRIC" before the inclusion of South Africa in 2010, is the title of an association of emerging national economies: Brazil, Russia,India, China and South Africa. With the possible [3] exception of Russia, the BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs. As of 2013, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$14.9 trillion, and an estimated US$4 trillion in combined foreign reserves. Presently, India holds the chair of the BRICS group.

Summit Participants

Date

Host country

Host leader

Location

1st

BRIC

June 16, 2009

Russia

Dmitry Medvedev

Yekaterinburg

2nd

BRIC

April 16, 2010

Brazil

Luiz Incio Lula da Silva Braslia

3rd

BRICS

April 14, 2011

China

Hu Jintao

Sanya

4th

BRICS

March 29, 2012

India

Manmohan Singh

New Delhi

5th

BRICS

March 2627, 2013 South Africa

Jacob Zuma

Durban

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