Page 17 - The South China Business Journal
P. 17
August-September 2017
“
IMF estimates,
BRICS countries
The 4th BRICS Summit was held in March 2012 in ed the Strategy for BRICS Eco- generated 22.53%
New Delhi, India. The theme was “BRICS Partner- of the worldnomic Partnership. The BRICS
ship for Global Stability, Security and Prosperity”. GDP in 2015 andLeaders also held a meeting
The leaders discussed issues including global gov-
ernance and sustainable development. The Sum- with leaders from the Eurasian
mit issued the New Delhi Declaration, its Action
Plan and the BRICS Report on BRICS countries’ Economic Union, Shanghai has contributed
developing prospects, the cooperation process and
areas with competitive advantage to enable BRICS Cooperation Organization and more than 50% of
countries to play a more important role in the glob- world economicobserver countries during the
al economy in the post-financial crisis era.
Summit.
The 5th BRICS Summit was held in March 2013 in
Durban, South Africa under theme “BRICS and Af- growth during
rica: Partnership for Development, Integration and
Industrialization”. The Summit issued the eThek- The 8th BRICS Summit was the last 10 years.
wini Declaration and its Action Plan, and decided to held in October 2016 in Goa, ”
set up the New Development Bank and Contingent India under the theme “Build-
Reserve Arrangement. The establishment of the ing Responsive, Inclusive and Collective Solu-
BRICS Business Council and Think Tank Council tions”. The leaders continued their discussions
was announced. The BRICS Leaders-Africa Dia-
logue Forum was held during the Summit. concerning international political and economic
The 6th BRICS Summit was held in July 2014 situations, global governance, and climate change.
in Fortaleza, Brazil under the theme “Inclusive
Growth: Sustainable Solutions”. The leaders dis- The also discussed counter-terrorism, Sustainable
cussed such issues as political coordination, sus-
tainable development and inclusive growth. The Development Goals, and people-to-people and
Summit issued the Fortaleza Declaration and its
Action Plan. The leaders witnessed the signing cultural exchanges. The Summit issued the Goa
of the Agreement on the New Development Bank
and the Treaty for the Establishment of A BRICS Declaration and its Action Plan, and reiterated the
Contingent Reserve Arrangement. BRICS Leaders
meeting with South American Heads of Govern- commitment to strengthening BRICS partnership.
ment and/or State was held during the Summit.
Outreach Summit of BRICS Leaders with the Lead-
The 7th BRICS Summit was held in July 2015 in
Ufa, Russia under the theme “BRICS Partnership ers of BIMSTEC Member Countries was held dur-
- a Powerful Factor of Global Development”. The
leaders discussed global political and economic is- ing the Summit.
sues and BRICS cooperation. The Summit issued
the Ufa Declaration and its Action Plan, and adopt- Besides, BRICS Leaders held informal meetings
during the G20 summits in Cannes (2011), Los Ca-
bos (2012), St. Petersburg (2013), Brisbane (2014),
Antalya (2015), Hangzhou (2016), and Hamburg
(2017), to exchange views on international and re-
gional issues of common interest.
Thanks to years of development, BRICS has grown
into an important platform for cooperation among
emerging markets and developing countries.
BRICS countries come from Asia, Africa, Europe
and America and are all members of the G20. To-
gether, they account for 26.46 percent of world
land area, 42.58 percent of world population, 13.24
percent of World Bank voting power and 14.91 per-
cent of IMF quota shares.
15
“
IMF estimates,
BRICS countries
The 4th BRICS Summit was held in March 2012 in ed the Strategy for BRICS Eco- generated 22.53%
New Delhi, India. The theme was “BRICS Partner- of the worldnomic Partnership. The BRICS
ship for Global Stability, Security and Prosperity”. GDP in 2015 andLeaders also held a meeting
The leaders discussed issues including global gov-
ernance and sustainable development. The Sum- with leaders from the Eurasian
mit issued the New Delhi Declaration, its Action
Plan and the BRICS Report on BRICS countries’ Economic Union, Shanghai has contributed
developing prospects, the cooperation process and
areas with competitive advantage to enable BRICS Cooperation Organization and more than 50% of
countries to play a more important role in the glob- world economicobserver countries during the
al economy in the post-financial crisis era.
Summit.
The 5th BRICS Summit was held in March 2013 in
Durban, South Africa under theme “BRICS and Af- growth during
rica: Partnership for Development, Integration and
Industrialization”. The Summit issued the eThek- The 8th BRICS Summit was the last 10 years.
wini Declaration and its Action Plan, and decided to held in October 2016 in Goa, ”
set up the New Development Bank and Contingent India under the theme “Build-
Reserve Arrangement. The establishment of the ing Responsive, Inclusive and Collective Solu-
BRICS Business Council and Think Tank Council tions”. The leaders continued their discussions
was announced. The BRICS Leaders-Africa Dia-
logue Forum was held during the Summit. concerning international political and economic
The 6th BRICS Summit was held in July 2014 situations, global governance, and climate change.
in Fortaleza, Brazil under the theme “Inclusive
Growth: Sustainable Solutions”. The leaders dis- The also discussed counter-terrorism, Sustainable
cussed such issues as political coordination, sus-
tainable development and inclusive growth. The Development Goals, and people-to-people and
Summit issued the Fortaleza Declaration and its
Action Plan. The leaders witnessed the signing cultural exchanges. The Summit issued the Goa
of the Agreement on the New Development Bank
and the Treaty for the Establishment of A BRICS Declaration and its Action Plan, and reiterated the
Contingent Reserve Arrangement. BRICS Leaders
meeting with South American Heads of Govern- commitment to strengthening BRICS partnership.
ment and/or State was held during the Summit.
Outreach Summit of BRICS Leaders with the Lead-
The 7th BRICS Summit was held in July 2015 in
Ufa, Russia under the theme “BRICS Partnership ers of BIMSTEC Member Countries was held dur-
- a Powerful Factor of Global Development”. The
leaders discussed global political and economic is- ing the Summit.
sues and BRICS cooperation. The Summit issued
the Ufa Declaration and its Action Plan, and adopt- Besides, BRICS Leaders held informal meetings
during the G20 summits in Cannes (2011), Los Ca-
bos (2012), St. Petersburg (2013), Brisbane (2014),
Antalya (2015), Hangzhou (2016), and Hamburg
(2017), to exchange views on international and re-
gional issues of common interest.
Thanks to years of development, BRICS has grown
into an important platform for cooperation among
emerging markets and developing countries.
BRICS countries come from Asia, Africa, Europe
and America and are all members of the G20. To-
gether, they account for 26.46 percent of world
land area, 42.58 percent of world population, 13.24
percent of World Bank voting power and 14.91 per-
cent of IMF quota shares.
15
