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    Brics Summit: New Delhi 2012

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    Sankesh Satpute
    The document summarizes key details about the BRICS summit held in New Delhi, India in 2012. The BRICS alliance includes Brazil, Russia, India, China and South Africa and accounts for 25% of the world's economy. Summits have been held annually since 2009 to discuss economic cooperation and international issues. At the 2012 summit, the BRICS countries agreed to increase trade to $500 billion over 3 years and launch new financial agreements and institutions like a development bank to provide members with credit and support infrastructure projects. They also discussed topics like international terrorism, climate change, and reforms to international organizations.

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    Brics Summit: New Delhi 2012

    Uploaded by

    Sankesh Satpute
    16 views11 pages
    The document summarizes key details about the BRICS summit held in New Delhi, India in 2012. The BRICS alliance includes Brazil, Russia, India, China and South Africa and accounts for 25% of the world's economy. Summits have been held annually since 2009 to discuss economic cooperation and international issues. At the 2012 summit, the BRICS countries agreed to increase trade to $500 billion over 3 years and launch new financial agreements and institutions like a development bank to provide members with credit and support infrastructure projects. They also discussed topics like international terrorism, climate change, and reforms to international organizations.

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    The document summarizes key details about the BRICS summit held in New Delhi, India in 2012. The BRICS alliance includes Brazil, Russia, India, China and South Africa and accounts for 25% of the world's economy. Summits have been held annually since 2009 to discuss economic cooperation and international issues. At the 2012 summit, the BRICS countries agreed to increase trade to $500 billion over 3 years and launch new financial agreements and institutions like a development bank to provide members with credit and support infrastructure projects. They also discussed topics like international terrorism, climate change, and reforms to international organizations.

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    16 views11 pages

    Brics Summit: New Delhi 2012

    Uploaded by

    Sankesh Satpute
    The document summarizes key details about the BRICS summit held in New Delhi, India in 2012. The BRICS alliance includes Brazil, Russia, India, China and South Africa and accounts for 25% of the world's economy. Summits have been held annually since 2009 to discuss economic cooperation and international issues. At the 2012 summit, the BRICS countries agreed to increase trade to $500 billion over 3 years and launch new financial agreements and institutions like a development bank to provide members with credit and support infrastructure projects. They also discussed topics like international terrorism, climate change, and reforms to international organizations.

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    BRICS SUMMIT

    NEW DELHI 2012


    BRICS Partnership for Global Stability, Security and Prosperity
    8/21/2012 Sankesh Satpute AIMS MFM Sem IV

    Overview
    Origin and Evolution of BRICS [Brazil, Russia, India, China and South Africa] Expansion of BRIC into BRICS BRICS, is a unique Grouping with shared opportunities and common challenges. BRICS account for 45% of the worlds population and a quarter of world economy at $13.5 trillion

    BRICS Summits
    1. 2. 3. 4. 5. Yekaterinburg, Russia, on June 16, 2009 Brasilia, Brazil on 15 April 2010 Sanya, China on 14 April 2011 New Delhi, India on 29 March 2012 Will be held in South Africa 2013

    Delhi action plan


    Master Agreement on Extending Credit Facility in Local Currencies. BRICS Multilateral Letter of Credit Confirmation Facility Agreement Increase the total trade to $500 billion over the next 3 years from $230 billion now. launch a benchmark equity index derivative

    Agenda of BRICS
    International terrorism WMDs (Weapon of Mass Destruction) Climate change Food and energy security MDGs (Millennium Development Goals) International economics Financial solutions

    Development bank
    Provide credit to member nations during crisis and infrastructure development at lower rates. Improve trade opportunities. Can be beneficial to non-BRICS nations too. Support EU crises. Similar entity as IMF and World Bank.

    BRICS to change world economy

    Source : Youtube video

    GDP of BRICS nations


    12,000 10,000

    8,000
    6,000 4,000 2,000 0 Brazil Rusia India China South Africa

    GDP(PPP)$

    GDP(nominal)$

    Source : Wikipedia

    Area Vs Population of BRICS


    South Area Km2 Africa 3%
    Brazil 19% South Africa 2%

    Population
    Brazil 6% Rusia 5%

    China 21%

    China 46%
    India 19% Rusia 38% India 41%

    Total Area 39,739,375 km2 (2010 estimate)


    Source : Wikipedia

    Total Population 2,934,822,616 (2010 estimate)

    Disagreements in BRICS
    China is in disagreement over the structure and functioning of Development bank. China and Russia disagree resolutions in case of Syria and Sri Lanka. In UNSC reform India considers itself a potential candidate but China supported to South Africa. Russia says if IRAN conflict not tackled now, will have adverse affects on world oil prices.

    Thanks you

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