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About BRICS Summit :
- BRICS is the acronym for an association of 5 major emerging national economies, namely Brazil, Russia, India, China and South Africa.
- BRICS Summit is an annual international relations conference attended by the heads of BRICS member states.
- All BRICS countries are G20 members and together account for 42.58% of the world's population.
- South Africa had joined the forum upon China's invitation in 2010 and the acronym changed from BRIC to BRICS.
Leaders of BRICS Countries :
- Brazil - Michel Temer (President)
- Russia - Vladimir Putin (President)
- India - Narendra Modi (Prime Minister)
- China - Xi Jinping (President)
- South Africa - Jacob Zuma (President)
9th BRICS Summit Highlights
Pak-based terror groups named for 1st time :
- For the first time in BRICS history, Terror groups such as LeT and the JeM were named for causing violence in the region.
- The summit also saw China acknowledging Pakistan-based terror, despite its rigid stance on Maulana Masood Azhar.
Signed Agreements :
- To boost commercial ties among BRICS nations, 4 Agreements were signed during this summit. They are :
- BRICS Action Agenda on Economic and Trade Cooperation
- BRICS Action Plan for Innovation Cooperation(2017-2020)
- MoU between BRICS Business Council and New Development Bank on Strategic Cooperation
- Strategic Framework of BRICS Customs Cooperation
Modi's Speech Highlights
- PM Modi, in his statement at the plenary session of the BRICS summit, talked about furthering cooperation in key areas such as agriculture, energy, environment, climate change, sports & culture.
- He also shared details about India’s continuous efforts to eradicate poverty, ensure better healthcare, food security, sanitation & education.
- Modi's 10-Commitments
- Modi suggested 10 commitments to be made by the BRICS nations, including counter-terrorism efforts, for their role in global transformation.
- The commitments included creating a safer world, creating a greener world, creating an enabled work, creating an inclusive world, creating a digital world, creating a healthier world, creating an equitable world, creating a connected world and creating a harmonious world.
Modi-Putin Meet Highlights
- Modi and Russian President Putin met on the sidelines of the BRICS Summit.
- This was Modi's first bilateral meeting since his arrival.
- Both leaders discussed ways for boosting bilateral trade and investment along with the security situation in Afghanistan.
- They also discussed several other issues like the cooperation in the oil and natural gas sector, about how they should work together to promote trade and investment.
Modi-Xi Jinping Meet Highlights
- Modi and Chinese President Xi Jinping held their first bilateral meeting after the 73-day Dokalam standoff.
- Xi Jinping told Modi that "China is prepared to work with India to seek guidance from the five principles of Panchsheel".
- He also said a "healthy and stable China-India relationship" is important for both the countries.
- During their meeting, Modi congratulated Xi on a "very successful" BRICS Summit.
Xiamen Declaration :
- In a declaration, the BRICS (Brazil-Russia-India-China- South Africa) called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.
- You can read full text of Xiamen Declaration from HERE.
Important Points to Note :
- 8th BRICS Summit was hosted by India during 15th to 16th October 2016 at Taj Exotica, Benaulim, Goa.
- Next year's (10th BRICS Summit) will be hosted by South Africa at Johannesburg. [South Africa has hosted the summit in 2013]
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