BRICS:
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BRICS is an acronym for Brazil, Russia, India, China and South Africa
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Originally it was BRIC (S. Africa included in 2010). Term coined in 2001.
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BRICS does not exist in the form of organization, but it is an annual summit between the supreme leaders of five nations.
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First formal summit was held in 2009 in Russia
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Formed in 2011
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It encourages commercial, political and cultural cooperation between the BRICS nations
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New Development Bank is an outcome of this platform.
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Chairmanship: The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.
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Map (Taken from Wikipedia. Not up to scale. For educational purpose only) :
Latest Summit:
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12th Summit was held virtually in 2020. Chaired by Russia. Theme: “Global Stability, Shared Security and Innovative Growth”
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BRICS 2021: The chair of BRICS 2021 is in India. It was the third time that India hosted the BRICS Summit after 2012 and 2016.
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The theme of the Summit is, ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation, and Consensus.’