The 15th BRICS summit will be held in Durban, South Africa at the end of August this year. The Foreign Ministers of Brazil, Russia, India and China first launched BRIC cooperation in 2006 during the United Nations General Assembly. Later in April 2011, South Africa also joined it. Africa participated for the first time in the third BRICS summit held in China.
This was announced by Russian Foreign Minister Sergei Lavrov on 26 January. Since 2009, BRICS leaders have held 14 formal meetings and 9 informal meetings.
Earlier in 2013, the fifth annual BRICS summit was held in Durban, South Africa. It was attended by the heads of government of the five member countries Brazil, Russia, India, China and South Africa. In June 2009, BRIC leaders held their first meeting in Russia.
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What is BRICS
BRICS includes five countries Brazil, Russia, India, China and South Africa. BRICS is formed from the first letter of the name of all these countries. This summit takes place every year in which the heads of state of these five countries participate. India has also hosted this summit. This organization is very strong, in which three big countries of the world, China, India and Russia are included, but no western country is included in this group.
Before South Africa became a part of this organization, it was called BRIC. The process of formation of BRIC had started from the year 2006 when the foreign ministers of the four countries had prepared a blueprint for a high-level meeting in New York, but the first conference of BRIC was held in Russia in the year 2009 and in the year 2011 in South Africa. With the joining of, its name became BRICS.
To know the importance of BRICS, it is necessary to understand the importance of its member countries. Talking about China, India, and Russia, these countries are the three largest economies of the world and Brazil is an important country in Latin America, while South Africa is a big country in the African continent. In other words, the boundaries of BRICS countries are spread from one end of the world to the other.
