Brics

1. BRICS is the abbreviation of five countries Brazil, Russia, India, China and South Africa and it is annually held since 2009, to build better global economies ties among all five nations. All five BRICS nations are also the members of G20 and the sixth summit has also invited Argentina for the first time, to make it the sixth member in its group.The first BRIC summit was held in Yekaterinburg, Russia on 16th June, 2009 with the all five leaders L .....

BRICS Objectives

2. Main objectives of brics are:Follow the foundry market evolution of the BRIC countries,Promote the technological information exchange among the countries of this economic block,Improve the professional development and education of the BRIC countries foundrymen,Making these countries getting closer to others to obtain the comparative advantages of these countries in the benefit of the whole foundry industry installed in the block.Think tanks from .....

BRICS nations need unity to reach objectives

3. Since the BRIC acronym was first coined in a 2001 paper by Goldman Sachs chief economist Jim O'Neill, the leaders of Brazil, Russia, India and China have made major strides in developing political, economic and social ties. But after numerous declarations of support and pledges of agreement, there is still much that this group of fast moving nations needs to accomplish together.Annual summits for the group later expanded to BRICS with the inclusi .....

1st BRIC summit Russia

4. The inaugural BRIC summit took place in Yekaterinburg, Russia on June 16, 2009.The four heads of government from the BRIC countries attended. The acronym BRIC (for Brazil, Russia, India, China) was first used in a Goldman Sachs thesis projecting that the economic potential of Brazil, Russia, India and China is such that they may become among the five most dominant economies by the year 2050.Today, the four countries produce about 15 percent of th .....

2nd BRIC summit Brazil

5. The 2010 BRIC summit took place in Brasilia, Brazil on April 16, 2010. This was the second BRIC summit after Yekaterinburg in 2009. The meeting took place between the four heads of government from the BRIC states following bilateral meetings in the prior days.The world economic situation has improved since our first meeting in June 2009, in Ekaterinburg. We welcome the resumption of economic growth, in which emerging market economies are playing .....

3rd BRIC summit china

6. The 2011 BRICS summit took place in Sanya on the island of Hainan, China, on 14 April 2011. This was the third BRICS summit since 2009. The meeting took place between the five heads of state/heads of government from the BRICS states following bilateral meetings in the prior days.Following a meeting in Brasilia in 2010, to which South Africa was invited as a guest, the group invited South Africa to join as a full member in 2011 and the group forme .....

4th BRIC summit India

7. The 2012 BRICS summit was the fourth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held at Taj Mahal Hotel in New Delhi, India on 29 March 2012 and began at 10:00 Indian Standard Time.This is the first time that India has hosted a BRICS summit.The theme of the summit was BRICS Partnership for G .....

5th BRIC summit South Africa

8. The 2013 BRICS summit was the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Durban, South Africa in 2013.This completed the first cycle of BRICS summits.South Africas projected outcomes for the Fifth BRICS Summit were achieved.The BRICS Leaders agreed to the establishment of a New .....

6th BRIC summit Brazil

9. BRICS is the acronym for an association of five major emerging national economies Brazil, Russia, India, China, and South Africa.The grouping was originally known as BRIC before the inclusion of South Africa in 2010. 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 all five are G20 members. As of 2013, .....

Expectations for 6th BRICS Summit dim further in new geopolitical scenario

10. While it is still unclear whether Russia pursues the occupation of additional parts of eastern Ukraine, there is a growing certainty that developments over the past month will have a lasting effect on the international system. The most immediate consequences are probably the strengthening of the NATO alliance and an acceleration of trade negotiations between the European Union and the United States. Cuts in defense spending in both the United Sta .....

7th BRIC summit Russia

11. Russia will host the summit of the BRICS bloc in 2015, according to a declaration adopted on Wednesday in Durban, South Africa.The 2014 summit will take place in Brazil. The economies of the five-state group, which also includes India, China and South Africa, account for more than 25 percent of the worlds GDP.The BRICS leaders agreed at the meeting in South Africa to lay the foundation for a new international development bank.The bank is likely t .....

BRICS Bank

12. Top of the agenda at the sixth summit of the BRICS developing nations beginning Tuesday is the founding of two multilateral financial institutions designed to erode the dominance of the World Bank and International Monetary Fund as arbiters of the global economic system.For Russia, the creation of a $100 billion BRICS development bank and a reserve currency fund worth another $100 billion is a political coup. Just as the West freezes Russia out o .....

PM Narendra Modi Statement at BRICS Summit

13. Addressing the summit of five nation grouping BRICS or Brazil-Russia-India-China-South Africa at Fortaleza in Brazil, Prime Minister Narendra Modi today pitched for zero tolerance against terrorism and said the choices they make now will shape the future of the world at large.We are meeting at a time when the world is facing a high level of turmoil and uncertainty. Global economic weakness also persists.Restoring a climate of peace and stability .....

Major in BRICS

14. The idea to have a BRICS Bank was first proposed in July 2009, in Durban, South Africa at the 5th BRICS Summit. At the upcoming 6th BRICS Summit, leaders are likely to sign a treaty to launch the bank.New Delhi, is in the race with Johannesburg and Shanghai to house the headquarters of the BRICS Bank. Though reports suggest that Shanghai is likely to win the race, many have cited language barrier and freedom of expression to be a problem with Sha .....

BRICS show unity at summit

15. The BRICS summit here in the coastal city of Fortaleza has assembled each nations' top companies, economic officials, and presidents in an effort to foster political and business ties. Major new initiatives include the formation of a $50 billion BRICS Development Bank and $100 billion currency reserve fund, which are being touted as examples of the group's growing unity and rising clout on the world stage.Kevin Gallagher, professor of internation .....

BRICS Development Agenda

16. BRICS nations need to encourage technological collaborations that would help provide cost effective solutions to address the group's social and economic challenges, Suzlon Energy chief Tulsi Tanti has said.He also said that BRICS region needs to reestablish its prominence as a primary driver of the global economy.BRICS is the grouping of five nations Brazil, Russia, India, China and South Africa.Mr Tanti noted that it should set out a clear agend .....

Impact of Brics Countries on the Global Economy

17. Despite its strange origins and some serious challenges confronting it, the bloc of countries that has emerged into the international arena under the acronym BRICS (Brazil, Russia, India, China, South Africa) has the potential for being a positive force in world affairs. Strange things happen in the world. Imagine a grouping of countries spread across the globe, which gets formed only for the simple reason that an analyst for an investment bank d .....