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Thursday, 7 September 2017

9th BRICS Summit Highlights

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The Ninth BRICS Summit is held from 3-5 September, 2017 in Xiamen, China. The participating countries are the five member nations – Brazil, Russia, India, China and South Africa. The summit is hosted by China for the second time after the 2011 Summit.

About BRICS:
  1. BRICS is made up of China, Brazil, Russia, India and South Africa.
  2. The first BRIC Summit was held in Yekaterinburg, Russia. Since then, the Summit has become an annual event. Till date, eight summits have been held.
  3. 3. In December 2010, China, as the Chair, invited South Africa to join BRIC and attend the Summit in Sanya, China. BRIC expanded to include 5 countries and the acronym changed into BRICS.
  4. BRICS has become an important platform for cooperation among emerging markets and developing countries.
Important Highlights Of the Summit

Host country- China

Date- 3–5 September 2017

Motto- BRICS: Stronger Partnership for a Brighter Future.

Venue - Xiamen

The 2017 BRICS summit was the ninth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa.

The summit was held in Xiamen, China, the second time the China has hosted the summit after the 2011 summit.

Participating leaders:

1. Brazil - Michel Temer, President
2. Russia - Vladimir Putin, President
3. India - Narendra Modi, Prime Minister
4. China - Xi Jinping, President (Host)
5. South Africa- Jacob Zuma, President

Documents signed in the presence of BRICS Leaders during BRICS Summit - 2017 in Xiamen, China (September 04, 2017)

1- BRICS Action Agenda on Economic and Trade Cooperation

2- BRICS Action Plan for Innovation Cooperation(2017-2020)

3- Strategic Framework of BRICS Customs Cooperation

4- Memorandum of Understanding between the BRICS Business Council and the New Development Bank on Strategic Cooperation

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