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BRICS, A NEW GLOBAL BRICS, A NEW GLOBAL PLAYER IN THE MAKINGPLAYER IN THE MAKING

BRICS MEANS …… BRICS MEANS ……

25% of the world GDP 25% of the world GDP (measured in PPP of national (measured in PPP of national currencies)currencies)

30% of the Earth’s territory30% of the Earth’s territory

45% of the world population45% of the world population

DYNAMICS OF THE GDP OF ADVANCED DYNAMICS OF THE GDP OF ADVANCED ECONOMIES ECONOMIES

AND BRICS COUNTRIESAND BRICS COUNTRIES

20102010 20112011 20122012 20132013World outputWorld output 5,35,3 3,93,9 3,53,5 3,33,3United StatesUnited States 3,03,0 1,71,7 2,62,6 1,21,2Euro AreaEuro Area 1,91,9 1,51,5 -0,3-0,3 -0,3-0,3JapanJapan 4,44,4 -0,7-0,7 2,42,4 1,61,6AverageAverage 3.13.1 0,80,8 1,41,4 0,80,8

RussiaRussia 4,34,3 4.34.3 4,04,0 3,43,4ChinaChina 10,410,4 9,29,2 8,08,0 8,08,0IndiaIndia 10,810,8 7,17,1 6,16,1 5,75,7BrazilBrazil 7,57,5 2,72,7 2,52,5 3,03,0South AfricaSouth Africa 2,92,9 3,13,1 2,62,6 2,82,8AverageAverage 7,27,2 5,45,4 4,64,6 4,64,6

COMMON INTERESTS OF COMMON INTERESTS OF BRICS NATIONSBRICS NATIONS

Desire to reform the outdated financial and economic Desire to reform the outdated financial and economic architecture architecture

of the world which ignores the growing weight of BRICS/EMDCof the world which ignores the growing weight of BRICS/EMDC

Common commitment to principles and norms of international Common commitment to principles and norms of international law,law,

rejection of policies of armed pressure and infringement uponrejection of policies of armed pressure and infringement uponsovereignty of other nationssovereignty of other nations

Common challenges and problems related to the needs of Common challenges and problems related to the needs of modernization of economy and social lifemodernization of economy and social life

Mutual complementarity of a wide range of sectors of nationalMutual complementarity of a wide range of sectors of nationaleconomieseconomies

BRICS: FORMATS OF INTERACTIONBRICS: FORMATS OF INTERACTION

1.Summits1.Summits

2.Meetings of Foreign Ministers2.Meetings of Foreign Ministers

3.Meetings of High Representatives responsible for national 3.Meetings of High Representatives responsible for national securitysecurity

affairsaffairs

4.Meetings of Ministers of Finance and Central Bankers 4.Meetings of Ministers of Finance and Central Bankers

5.5.Meetings of Trade MinistersMeetings of Trade Ministers

6.Meetings of Ministers of Health6.Meetings of Ministers of Health

7.Meetings of Ministers of Agriculture7.Meetings of Ministers of Agriculture

BRICS: FORMATS OF INTERACTIONBRICS: FORMATS OF INTERACTION

8.Meetings of Ministers of Science, Technology and 8.Meetings of Ministers of Science, Technology and InnovationInnovation

9.Meetings of Heads of Statistical Agencies9.Meetings of Heads of Statistical Agencies

10.Meetings of Heads of Competition Authorities10.Meetings of Heads of Competition Authorities

11.Meeting of representatives of financial/fiscal 11.Meeting of representatives of financial/fiscal authoritiesauthorities

12.Working Group on cooperation in agriculture12.Working Group on cooperation in agriculture

13.Working Group on cooperation on health affairs 13.Working Group on cooperation on health affairs

Accompanying eventsAccompanying events

14.Business Council14.Business Council

15.Council of think tanks15.Council of think tanks

16.Business Forum16.Business Forum

17.Forum of Banks of Development17.Forum of Banks of Development

18.Forum of Partner Regions18.Forum of Partner Regions

19.Forum on Youth Policies19.Forum on Youth Policies

20.Urbanization Forum20.Urbanization Forum

Durban SummitDurban SummitThree steps forwardThree steps forward

Step one:Step one:Setting the principal strategic goal of Setting the principal strategic goal of BRICS development:BRICS development:

We aim at progressively developing We aim at progressively developing BRICS into a full-fledged mechanism BRICS into a full-fledged mechanism of current and long-term coordination of current and long-term coordination on a wide range of key issues of the on a wide range of key issues of the world economy and politics. world economy and politics.

Durban SummitDurban SummitThree steps forwardThree steps forward

Step two:Step two:

Decisions to endorse the idea of Decisions to endorse the idea of creating BRICS Development Bankcreating BRICS Development Bank

Decision to establish the Contingent Decision to establish the Contingent Reserve ArrangementReserve Arrangement

Durban SummitDurban SummitThree steps forwardThree steps forward

Step three:Step three: holding the first outreach holding the first outreach event event

““Forum of dialogue of leaders BRICS-Forum of dialogue of leaders BRICS-Africa”Africa”

eThekwini eThekwini Action PlanAction PlanNew areas of CooperationNew areas of Cooperation

Virtual secretariatVirtual secretariatForum on Public DiplomacyForum on Public DiplomacyCooperation on fighting drug Cooperation on fighting drug

traffickingtraffickingCooperation on fighting corruptionCooperation on fighting corruptionTourism Tourism EnergyEnergySports Sports