International Relations — BRICS
1. BRICS — Overview
- Established: 2009
- Headquarters: Shanghai, China
- Member Countries: Brazil, Russia, India, China, and South Africa
- BRICS is an acronym for grouping the world's leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
- In 2001, the British Economist Jim O'Neill coined the term.
- The grouping was formalized during the first meeting of BRIC Foreign Ministers in 2006.
- The 1st BRIC summit was held in Yekaterinburg, Russia on 16 June 2009.
- The BRIC group was renamed as BRICS after South Africa was accepted as a full member at the BRIC Foreign Ministers' meeting in New York in September 2010.
- Term Coined: Jim O'Neill (2001)
- Formalized: 2006 (First BRIC Foreign Ministers' Meeting)
- 1st Summit: Yekaterinburg, Russia (16 June 2009)
- BRICS Renamed: September 2010 (South Africa joined)
- Headquarters: Shanghai, China
2. BRICS Expansion — 15th Summit (2023)
At the 15th BRICS Summit, 2023, in Johannesburg, South Africa, a key development took place as the BRICS group expanded by extending invitations to six additional nations.
Newly Invited Countries
- West Asia:
- Iran
- Saudi Arabia
- United Arab Emirates (UAE)
- Africa:
- Egypt
- Ethiopia
- Latin America:
- Argentina (recently withdrew the planned entry into BRICS)
| Region | Countries Invited (2023) | Status |
|---|---|---|
| West Asia | Iran, Saudi Arabia, UAE | Invited |
| Africa | Egypt, Ethiopia | Invited |
| Latin America | Argentina | Withdrew planned entry |
3. Summary: BRICS at a Glance
| Aspect | Details |
|---|---|
| Established | 2009 |
| Headquarters | Shanghai, China |
| Member Countries | Brazil, Russia, India, China, South Africa |
| Term Coined By | Jim O'Neill (2001) |
| Formalized | 2006 (First BRIC Foreign Ministers' Meeting) |
| 1st Summit | Yekaterinburg, Russia (16 June 2009) |
| Renamed to BRICS | September 2010 (South Africa joined) |
| 15th Summit (2023) | Johannesburg, South Africa — 6 countries invited to join |
- BRICS Established: 2009 | Headquarters: Shanghai, China
- Members: Brazil, Russia, India, China, South Africa (5 countries)
- Term Coined: Jim O'Neill (2001) — "BRIC" originally
- 1st Summit: Yekaterinburg, Russia (16 June 2009)
- South Africa Joined: September 2010 → "BRICS"
- 15th Summit (2023): Johannesburg — 6 new countries invited (Iran, Saudi Arabia, UAE, Egypt, Ethiopia, Argentina)
- Argentina: Withdrew its planned entry into BRICS
- New Invitees: 3 from West Asia, 2 from Africa, 1 from Latin America
Q1. The term "BRIC" was coined by which economist?
Q2. The first BRIC summit was held in which city?
Q3. BRICS was established in which year?
Q4. Which country joined BRICS in 2010, leading to the renaming from BRIC to BRICS?
Q5. The headquarters of BRICS is located in:
Q6. The 15th BRICS Summit (2023) was held in which country?
Q7. Which of the following countries was NOT invited to join BRICS at the 2023 summit?
Q8. Which Latin American country withdrew its planned entry into BRICS after being invited in 2023?
Q9. How many countries were invited to join BRICS at the 15th Summit in 2023?
Q10. The BRICS grouping was formalized during the first meeting of BRIC Foreign Ministers in which year?