The term BRICS are further valuate as Brazil Russia, India, China and South Africa. No new country has joined the BRICS since 2010 till date. But now in 2023 new 6 members are included in the BRICS these are Argentina, Iran, the United Arab Emirates, Saudi Arabia, Ethiopia and Egypt.
China suggested that Pakistan should join BRICS to help itself. But India disagreed because it would not be good for India’s interests. India thinks it’s not a good idea for Pakistan to join the group.
India didn’t want more countries to join BRICS unless they are democratic. India believes that if any country wants to be in BRICS, there should be rules and a clear plan for how they can join.
Right now, the 15th BRICS summit is happening in South Africa. The theme of this summit is like a big idea they’re focusing on. Theme of summit is partnership of mutually accelerated growth, sustainable development and inclusive multilateralism.
Before the 15th BRICS summit even began, there were talks about letting more countries join BRICS. Around 20 other countries have asked to become part of BRICS. They want to be part of this group that works together. It’s like wanting to be on a team that helps each other out.
Importance of BRICS:
The BRICS group is made up of five countries: Brazil, Russia, India, China, and South Africa. Together, they cover a big part of the world.
- They have about 41% of all the people in the world.
- They take up around 30% of the world’s land.
- They make a lot of money together – about 22-23% of all the money that’s made in the world.
These countries work together to talk about important things like money, people, and land. They want to help each other and make the world better.
What is BRICS?
BRICS is a group of five big countries that work together. The name “BRICS” comes from the first letters of the countries’ names: Brazil, Russia, India, China, and South Africa.
These countries decided to team up because they are all growing quickly and have a lot of influence in the world. They want to talk about important global issues and find ways to help each other. They meet every year to discuss things like trade, economy, and ways to make the world a better place.
BRICS helps these countries share ideas and work together to solve problems. It’s like a group of friends who want to help each other and make their countries stronger.
The main purpose of the BRICS group is to promote cooperation and collaboration among its member countries on various global issues. Here are some key purposes of the group:
- Economic Development: BRICS countries are some of the world’s fastest-growing economies. By working together, they aim to boost trade, investment, and economic growth among themselves and with other countries.
- Political Dialogue: The group provides a platform for its members to discuss and exchange ideas on important global political and economic issues. They share insights and perspectives to find common ground and solutions.
- Influence and Voice: As some of the most populous and influential countries, BRICS nations seek to have a stronger collective voice in international organizations and negotiations. They aim to bring attention to the concerns and interests of emerging economies.
- Global Governance Reform: BRICS countries often discuss ways to reform international institutions like the United Nations and the International Monetary Fund (IMF) to make them more representatives and inclusive of developing countries’ needs.
- Cooperation in Various Sectors: The group focuses on cooperation in areas such as science, technology, education, healthcare, and culture. By sharing knowledge and experiences, they can collectively address challenges and seize opportunities.
- South-South Cooperation: BRICS emphasizes cooperation between developing countries in the Southern Hemisphere. They exchange experiences and strategies for sustainable development, poverty reduction, and other social and economic goals.
- Promotion of Peace and Security: The group discusses global security challenges and seeks peaceful solutions to conflicts. They emphasize diplomacy, dialogue, and international law in resolving disputes.
Overall, the BRICS group aims to strengthen ties between its member countries, promote mutual understanding, and contribute to a more balanced and multipolar world order.
History of BRICS:
The BRICS grouping emerged as a result of informal discussions between the leaders of Brazil, Russia, India, and China. The idea gained momentum over time, and the group was officially formed in 2006. Here’s a step-by-step breakdown of its formation:
- Initial Discussions (2001-2005): The concept of BRICS can be traced back to discussions among economists from these four countries. They recognized the potential of their economies and their increasing influence in global affairs. However, it wasn’t until later that the idea began to take a formal shape.
- First BRIC Meeting (2006): The first formal meeting of BRIC leaders took place on the sidelines of the United Nations General Assembly in New York in September 2006. The leaders, including Luiz Inácio Lula da Silva of Brazil, Vladimir Putin of Russia, Manmohan Singh of India, and Hu Jintao of China, discussed global issues and potential cooperation.
- Annual Summits (2009-2010): The concept gained traction, and the first BRIC summit was held in Yekaterinburg, Russia, in 2009. South Africa, although not initially part of the grouping, attended the summit as an observer. In the 2010 BRIC summit held in Brasília, Brazil, the leaders decided to invite South Africa to join the group, expanding it to BRICS.
- Becoming BRICS (2011): In April 2011, South Africa formally joined the group, and it became known as BRICS, with the “S” representing South Africa. The decision to include South Africa was based on its growing economy and influence in Africa.
Conclusion:
In simple words, BRICS is a team of five countries working together to make the world better. They talk about important things like money, growth, and cooperation. Even though no new countries have joined since 2010, these five countries are still strong friends, helping each other out.
New members are added in the BRICS. Few more countries want to join BRICS, but India doesn’t agree if they’re ruled by kings or queens (monarchy). India thinks it’s not a good idea for these countries to be part of the group.
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