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15th BRICS Summit 2023: Main points

01 Sep 2023 Zinkpot 268
15th BRICS Summit 2023: Main points
  1. Every year, the BRICS Nations - Brazil, the Russian Federation, India, China, and South Africa get together for a summit of their leaders. The 15th BRICS Summit of the year, 2023 was hosted by South Africa.
  2. As the chair of the BRICS Summit 2023, South Africa is focusing on the theme – ‘BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism’.
  3. This BRICS Summit marks the first in-person gathering since 2019 due to the COVID-19 pandemic.
  4. Briefings of the BRICS Summit 2023:
  5. At this summit, the leaders of the country announce the admission of six new countries from the next year. The six countries Argentina, Ethiopia, Iran, Saudi Arabia, Egypt, and the United Arab Emirates will claim full membership of BRICS from 1st January 2024.
  6. This summit was important for India, as it was the first in-person meeting since the India-China military standoff at the LAC. After the bilateral talks between the PM of India and the President of China, both nations have agreed to step up efforts for the disengagement of troops and de-escalation of tensions along the LAC.
  7. India announced that it sees BRICS as a non-western, rather than an anti-western group, emphasizing the platforms’ diversity of perspectives, much against the perception that BRICS discussions carry a counter-western perspective.
  8. Brazilian President Lula da Silva clarified that BRICS aimed to organize the Global South and wasn’t meant to rival established powers like the United States and G7 economies.
  9. The Indian PM proposed to establish a BRICS space exploration consortium to advance cooperation in the field of space technology and research.
  10. India and other BRICS members support comprehensive reform of the United Nations, including the Security Council, to make it more democratic, representative, efficient, and effective.
  11. BRICS members agreed to address the challenges posed by climate change while also ensuring a just, affordable, and sustainable transition to a low-carbon and low-emission economy.
  12. The Indian Prime Minister Narendra Modi announced his participation in BRICS-Africa Outreach and BRICS Plus Dialogue events, highlighting the intention to engage with other nations beyond the core BRICS grouping.
  13. South African President Cyril Ramaphosa highlighted the need for global financial institutions to undergo reform to better address the challenges faced by developing economies.
  14. In the run-up to the summit, it was disclosed that more than 40 countries had applied for membership in BRICS. China and Russia were eager to expand the group as an alternative to the US-led groupings, especially the G7. There was wide speculation that India and Brazil, though not opposed to the expansion, were cautious and wanted to first decide the criteria.
     

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