2024 BRICS Summit: Strengthening Multilateralism and Global Influence
| Category | Details |
|---|---|
| Event | 2024 BRICS Summit |
| Location | Kazan, Russia |
| Dates | October 22-24, 2024 |
| Theme | Strengthening Multilateralism for Fair Global Development and Security |
| New Members | Egypt, Ethiopia, Iran, UAE (joined after 2023 summit) |
| Key Outcomes | - BRICS Pay: New payment system for member nations.<br>- Kazan Declaration: UN reforms, support for Palestine's full UN membership, use of national currencies for trade. |
| Bilateral Meetings | - China-Russia: Advancing Belt and Road Initiative.<br>- India-China: Resolution of military standoff.<br>- India-Iran: Focus on Chabahar Port, Afghanistan, Israel-Palestine.<br>- Russia-South Africa: Strengthened ties. |
| Global Participation | Leaders from South Africa, China, India, UAE, and Brazil (online). Delegates from Armenia, Belarus, Uzbekistan. |
| 15th BRICS Summit | Held in Johannesburg, 2023; invited Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, UAE; focused on multilateralism, global governance reforms, and sustainable development. |
| Developments | - Common currency exploration.<br>- Formation of BRICS space consortium.<br>- Over 40 nations expressed interest in joining BRICS. |
| India's Role | Advocates for global governance reforms, manages relations with China, addresses trade imbalances. |
| Historical Overview | BRICS formed in 2010 with South Africa joining BRIC (Brazil, Russia, India, China). Focused on economic growth, global governance reform, and development cooperation. |