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 in Johannesburg, South Africa. The theme of BRICS Summit 2018 was ‘BRICS in Africa: Collaboration for inclusive growth and shared prosperity in the 4th Industrial Revolution’.
The summit saw the BRICS leaders come together and discuss various international and regional issues of common concern and adopted the ‘Johannesburg Declaration’ by consensus. The BRICS leaders have used the summit to reject the growing unilateralism and instead reiterate their commitment to the strengthening of multilateral institutions, calling for stronger intra-trade within member states. The declaration comes as the United States and China remain deadlocked in a trade war over tariffs.
Source- The Economic Times
Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
- BRICS is made up of China, Brazil, Russia, India and South Africa.
- In December 2010, China, as the Chair, invited South Africa to join BRIC and attend the Summit in Sanya, China.
- The 1st BRIC Summit was held in June 2009 in Yekaterinburg, Russia.