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Post at: Oct 12 2021

13th BRICS summit

Why in News?

  • Prime Minister Narendra Modi on 9th, September 2021 addressed the 13th BRICS Summit in a virtual format. 
  • Brazil President Jair Bolsanaro, South African President Cyril Ramaphosa, Russian President Vladimir Putin, and Chinese President Xi Jinping attended the meeting. 
  • The theme for the Summit was 'BRICS@15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus'.

News in Detail

  • This is the second time Prime Minister Modi is chairing the BRICS (Brazil, Russia, India, China, South Africa) Summit. 
  • Earlier, he had chaired the Goa Summit in 2016.
  • India held the chair in 2012 too.
  • The Indian Chairship of BRICS this year coincides with the 15th anniversary of BRICS, as reflected in the theme for the summit.
  • The grouping had a comprehensive meeting on all issues related to security, regional issues, Covid-19, climate change, reform of the UN Security Council, et al.
  • The 13th BRICS summit also marked the first time the five-nation group has taken collective position on strengthening and reforming multilateral systems.
  • The New Delhi declaration — it was the first statement by the grouping since the fall of Kabul to the Taliban on August 15 — that followed the BRICS summit, said leaders stressed the need for an “inclusive intra-Afghan dialogue”.
  • The summit also adopted the BRICS counter-terrorism action plan.
  • India’s had four priority areas for its chairship:
    • These were reform of the multilateral system, counter-terrorism, using digital and technological tools for achieving SDGs and enhancing people-to-people exchanges.
  • On Afghanistan:
    • The BRICS leaders called for “refraining from violence and settling the situation by peaceful means in Afghanistan”, through an “inclusive intra-Afghan dialogue” so as to ensure stability, civil peace, law and order in the country.
    • They emphasized the need to address the humanitarian situation and to uphold human rights, including those of women, children and minorities.
    • Russia was the only country who raised the issue of Afghanistan directly.
    • Russia further added that the withdrawal of US forces and its allies from Afghanistan had led to a “new crisis”
  • Chinese five proposals for the BRICS:
    • Strengthen public health cooperation in the spirit of solidarity; 
    • strengthen international cooperation on vaccines in the spirit of equitable access for all; 
    • economic cooperation in the spirit of mutual benefit; 
    • political and security cooperation in the spirit of fairness and justice; and
    • strengthen people-to-people exchanges in the spirit of mutual learning.

BRICS

  • On November 30, 2001, Jim O’Neill, a British economist who was then chairman of Goldman Sachs Asset Management, coined the term ‘BRIC’ to describe the four emerging economies of Brazil, Russia, India, and China.
  • BRICS is an important grouping bringing together the major emerging economies from the world.
  • It comprises 41% of the world population, having 24% of the world GDP and over 16% share in the world trade.
  • The leaders of BRIC (Brazil, Russia, India, and China) countries met for the first time in St. Petersburg, Russia, on the margins of G8 Outreach Summit in July 2006.
  • Shortly afterwards, in September 2006, the group was formalised as BRIC during the 1st BRIC Foreign Ministers’ Meeting.
  • The 1st BRIC summit was held in Yekaterinburg, Russia on 16 June 2009.
  • BRIC group was renamed as BRICS (Brazil, Russia, India, China, South Africa) after South Africa was accepted as a full member at the BRIC Foreign Ministers’ meeting in New York in September 2010.


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