2. CONTENT
âșBRICS
âșAreas of focus
âș Objectives
âș From BRIC to BRICS
âș BRICS summit
âș BRICS summit 2016 in India
âș Five approach for the BRICS summit
âș The agenda of 8th BRICS summit
âș conclusion
3. BRICS:-
âșBRICS stand for Brazil , Russia ,China , South Africa .
âșBRICS came into existence in the year 2001 as BRIC
nations.
âșBRICS is international political organization of leading
emerging economies .
5. OBJECTIVES
âș To achieve regional development
âș To remove trade barriers
âș Economic development
âș Optimum use of resources
âș Building relationship
6. FROM BRIC TO BRICS
First BRICS known as BRIC before 2010 . South
Africa has been formally asked to join the BRIC
group of major emerging markets . Officially
admitted as a BRIC nation on December 24, 2010 .
Then BRIC known as BRICS . South Africa stands at a
unique position to influence Africa economic
growth and investment .
7. BRICS SUMMIT
âș 1st BRIC summit â 16 June 2009 in Russia (Yekateringburg)
âș 2nd BRIC summit â 16 April 2010 in Brazil ( Brasilia )
âș 3rd BRICS summit â 14 April 2011 in China ( Sanya )
âș 4th BRICS summit â 29 March 2012 in India( New Delhi )
âș 5th BRICS summit â26 - 27 March 2013 in South Africa
(Durban)
âș 6th BRICS summit â 14 â 16 July 2014 in Brazil ( Fortaleza )
âș 7th BRICS summit â 8 â 9 July 2015 in Russia ( Ufa )
âș8th BRICS summit â 15 â 16 October 2016 in Goa
(Benaulim)
8. BRICS SUMMIT 2016 IN INDIA
India will host the 8th BRICS summit
during its chairmanship which is
schedule to take place on 15-16 October
2016 in Goa. The theme of Indiaâs BRICS
chairmanship is building responsive,
inclusive and collective solutions.
9. India has adopted a five approach for the summit which is called
â IIIIC â or â I4C â.
âș Institution building to further depend, sustain
and institutionalize BRICS cooperation.
âșImplementationof the decisions from previous
summits.
âș Integrating the existing cooperation mechanisms.
âșInnovation i.e. new cooperation mechanism.
âș continuity i.e. continuation of mutually agreed exiting
BRICS cooperation mechanisms.
10. THE AGENDA OF 8th BRICS SUMMIT
âșThe further strengthening of new Development Bank is
a top priority of the 8th BRICS summit.
âș Terrorism will also be a main agenda of this BRICS
summit, because it has become a major global concern.
And also due to the recent happenings this might be the
hot topic in the summit.
âș Finally, discussions on healthcare, sustainable growth ,
climate change and a shift to cleaner , greener energy
have always featured at this summits.
11. CONCLUSION
âșThe BRICS have come together in a political
grouping in a way that has far exceeded most
expectation .
âșBRICS nations have the potential and the
resources to form a powerful economy with greater
opportunity than any other nation .