BRICS – UPSC Prelims

  • BRICS is an acronym for Brazil, Russia, India, China and South Africa
  • Originally it was BRIC (S. Africa included in 2010). Term coined in 2001.
  • BRICS does not exist in the form of organization, but it is an annual summit between the supreme leaders of five nations.
  • First formal summit was held in 2009 in Russia
  • Formed in 2011
  • It encourages commercial, political and cultural cooperation between the BRICS nations
  • New Development Bank is an outcome of this platform.
  • Chairmanship: The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.
  • Map (Taken from Wikipedia. Not up to scale. For educational purpose only) :

Latest Summit:
  • 12th Summit was held virtually in 2020. Chaired by Russia. Theme: “Global Stability, Shared Security and Innovative Growth”
  • BRICS 2021: The chair of BRICS 2021 is in India. It was the third time that India hosted the BRICS Summit after 2012 and 2016.
  • The theme of the Summit is, ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation, and Consensus.’

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