16th BRICS Summit

Prime Minister Narendra Modi is scheduled to visit Russia from October 22-23 to attend the 16th BRICS Summit in Kazan, at the invitation of President Vladimir Putin. This will be Modi’s second trip to Russia in 2023, following a previous meeting in Moscow in July.

What is the BRICS Summit About?

The BRICS Summit is a meeting of five major countries: Brazil, Russia, India, China, and South Africa. This year, new members, including Egypt, Ethiopia, Iran, and the UAE, have joined. The summit’s main goal is to strengthen cooperation among these nations, especially to promote global development and security.

What Will Modi Do at the Summit?

During the visit, Modi will meet with leaders from the BRICS countries and may also meet Chinese President Xi Jinping. This potential meeting is significant due to ongoing border tensions between India and China.

Main Themes of the Summit

This year’s summit focuses on multilateralism, which means working together globally in a fair and equal way. Leaders will discuss how to continue existing collaborations and plan new ways to work together for development and security.

Economic and Political Goals

President Putin believes that BRICS countries can play an important role in boosting global economic growth. He also talks about “economic sovereignty,” which means making BRICS countries less dependent on other nations, particularly Western powers.

Strategic Developments

Putin is pushing for big infrastructure projects, like the Arctic Sea route and the North-to-South corridor. These projects aim to improve trade connections between Eurasia and Africa, which will help with transporting goods more efficiently.

The BRICS Summit is an important event for discussing global issues and enhancing cooperation among growing economies. It takes place during a time of major political and economic shifts around the world.

About the BRICS Summit

The BRICS Summit started in 2009, and its first meeting was held in Russia. BRICS countries together represent about 42% of the world’s population and 23% of the global economy. The term “BRICS” was first used by economist Jim O’Neill in 2001. These countries focus on working together for economic cooperation and political collaboration, often discussing important global issues.

Month: Current Affairs - October, 2024

Category: Summits and Conferences