The 12th BRICS Summit will be conducted on 17th November 2020 in online mode through video conferencing.
The Summit this year is being held under the Chairmanship of Russia and aims at multifaceted cooperation between the member countries.
BRICS is an acronym for the informal grouping of 5 emerging economies, Brazil,Russia,India, China, and South Africa.
The theme for the 12th BRICS Summit is “ BRICS Partnership for Global Stability, Shared Security and Innovative Growth".
Brazil hosted the most recent 11th BRICS summit in 2019
BRICS is an informal grouping of developing economies namely Brazil, Russia, India, China, and South Africa
The aggregate population of BRICS countries makes up 42% of the entire global population, 26% of the world’s geographical area , and a combined nominal GDP of US 16.6 trillion
The grouping was formed in 2009 , and since then BRICS nations have met annually at formal summits.
South Africa was added to the group in 2010
The primary purpose is to enhance economic and political cooperation among BRICS nations.