BRICS SUMMIT 2018

BRICS SUMMIT 2018 : 

VENUE : Johannesburg (South Africa )

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Brics 2018: Johannesburg Declaration

BRICS 2018

🔵 The 10th edition of BRICS Summit began in Johannesburg, South Africa. 

🔵 The theme for this summit is ‘BRICS in Africa: Collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution'.

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○ The heads of state and government of all five BRICS nations including Brazil, Russia, India, China and South Africa convened for the 10th BRICS Summit from July 25-27, 2018 in Johannesburg, South Africa.

○ The summit adopted the 'Johannesburg Declaration' by consensus. 

○ The declaration reaffirms principles of democracy, inclusiveness and agrees to fight unilateralism and protectionism.

Key Points:

○ The leaders reaffirmed their commitment to fully implementing the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs).

○ The leaders agreed to strengthen BRICS cooperation in energy, especially in transitioning to more environmentally sustainable energy systems supportive of the global sustainable development agenda and balanced economic growth.

○ The leaders reaffirmed their support for the establishment of the BRICS Agricultural Research Platform (ARP) initiated by India in 2016.

○ They committed to step up intra-BRICS collaboration including within the frame of the Agriculture Research Platform and the Basic Agriculture Information Exchange System (BAIES).

○ Besides the BRICS Summit 2018, Indian Prime Minister Narendra Modi participated in the BRICS Outreach with leaders from Africa and Outreach with leaders from Global South summit.In the BRICS Africa Outreach, the invited countries include Rwanda, Uganda, Togo, Zambia, Namibia, Senegal, Gabon, Ethiopia, Angola and the African Union Chair.

What is BRICS?

BRICS is made up of Brazil, Russia, India, China and South Africa.

The first BRIC Foreign Ministers’ Meeting was held in 2006 between China, Brazil, Russia and India on the margins of the general debate of the 61st session of the United Nations General Assembly, which drew the prelude for BRIC cooperation.

Together, the nations account for 26.46 per cent of the world land area, 42.58 per cent of the world’s population, 13.24 per cent of the World Bank voting power and 14.91 per cent of IMF quota .