The BRICS (Brazil, Russia, India, China and South Africa) has emerged as the new destination for the global peace and development (GPDP) and bound to create a new space wedded to the idea of global sovereign equality (GSE) enshrined in Article 4 of the UN Charter.
Someone needs to tell President Donald Trump that his own U.S. Treasury Department chief, Steve Mnuchin, mass purveyor of reckless and short-sighted economic trade sanctions, is undermining his ability to truly make America great again.
Records tell that India has a long distance to cover to contribute to the BRICS recent plan of working together to combat corruption. However, if the promise of corruption-free India till 2022 is taken seriously, India would be used as a model to follow in rest of the Asia.
Pakistan, already furious and reeling from US President Donald J. Trump’s threat to sanction it for supporting militants, has been dealt a potential body blow out of left field. Five major emerging powers, including China and Russia, have for the first time identified Pakistan-backed militant groups as a regional security threat in a statement at the end of a summit in Xiamen.
The 9th BRICS summit was concluded on September 4, 2017 in Xiamen, China. The BRIC (Brazil, Russia, India, and China) group was formed in 2006 to deepen cooperation in economic sphere and laud efforts to transform international governance system.
Even as the debate on who won the Doklam standoff still remains inconclusive, Indian Prime Minister Narendra Modi went to China to attend the BRICS in Xiamen and went up to Chinese President Xi Jinping to shake hands on the venue stage.
Chinese President Xi Jinping opens an annual summit of BRICS leaders. The BRICS — Brazil, Russia, India, China and South Africa — had gathered in the southeastern Chinese city of Xiamen hoping to counter accusations that the group of big emerging economies was drifting apart and becoming irrelevant.
Authors: Wang Wei, Edward Lai
The concept of the “BRIC” began to affect the audiences in 2001 when economist Jim O’Neill first used the term referring to the emerging countries like Brazil, China, India and Russia combined. And later it was added with South Africa. The argument go that the relative size and share of the BRICs in the world economy would rise exponentially and gradually imply for the G-7, which is regarded as the economic hegemony of the West, to make a rearrangement of the world order.