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BRICS, A NEW GLOBAL PLAYER IN THE MAKING

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Title: BRICS, A NEW GLOBAL PLAYER IN THE MAKING


1
BRICS, A NEW GLOBAL PLAYER IN THE MAKING
2

3
BRICS MEANS
  • 25 of the world GDP (measured in PPP of
    national currencies)
  • 30 of the Earths territory
  • 45 of the world population

4
DYNAMICS OF THE GDP OF ADVANCED ECONOMIES AND
BRICS COUNTRIES
  • 2010 2011 2012 2013
  • World output 5,3 3,9 3,5 3,3
  • United States 3,0 1,7 2,6 1,2
  • Euro Area 1,9 1,5 -0,3 -0,3
  • Japan 4,4 -0,7 2,4 1,6
  • Average 3.1 0,8 1,4 0,8
  • Russia 4,3 4.3 4,0 3,4
  • China 10,4 9,2 8,0 8,0
  • India 10,8 7,1 6,1 5,7
  • Brazil 7,5 2,7 2,5 3,0
  • South Africa 2,9 3,1 2,6 2,8
  • Average 7,2 5,4 4,6 4,6

5
COMMON INTERESTS OF BRICS NATIONS
  • Desire to reform the outdated financial and
    economic architecture
  • of the world which ignores the growing weight of
    BRICS/EMDC
  • Common commitment to principles and norms of
    international law,
  • rejection of policies of armed pressure and
    infringement upon
  • sovereignty of other nations
  • Common challenges and problems related to the
    needs of
  • modernization of economy and social life
  • Mutual complementarity of a wide range of sectors
    of national
  • economies

6
BRICS FORMATS OF INTERACTION
  • 1.Summits
  • 2.Meetings of Foreign Ministers
  • 3.Meetings of High Representatives responsible
    for national security
  • affairs
  • 4.Meetings of Ministers of Finance and Central
    Bankers
  • 5.Meetings of Trade Ministers
  • 6.Meetings of Ministers of Health
  • 7.Meetings of Ministers of Agriculture

7
BRICS FORMATS OF INTERACTION
  • 8.Meetings of Ministers of Science, Technology
    and Innovation
  • 9.Meetings of Heads of Statistical Agencies
  • 10.Meetings of Heads of Competition Authorities
  • 11.Meeting of representatives of financial/fiscal
    authorities
  • 12.Working Group on cooperation in agriculture
  • 13.Working Group on cooperation on health affairs

8
Accompanying events
  • 14.Business Council
  • 15.Council of think tanks
  • 16.Business Forum
  • 17.Forum of Banks of Development
  • 18.Forum of Partner Regions
  • 19.Forum on Youth Policies
  • 20.Urbanization Forum

9
Durban SummitThree steps forward
  • Step one
  • Setting the principal strategic goal of BRICS
    development
  • We aim at progressively developing BRICS into a
    full-fledged mechanism of current and long-term
    coordination on a wide range of key issues of the
    world economy and politics.

10
Durban SummitThree steps forward
  • Step two
  • Decisions to endorse the idea of creating BRICS
    Development Bank
  • Decision to establish the Contingent Reserve
    Arrangement

11
Durban SummitThree steps forward
  • Step three holding the first outreach event
  • Forum of dialogue of leaders BRICS-Africa

12
eThekwini Action PlanNew areas of Cooperation
  • Virtual secretariat
  • Forum on Public Diplomacy
  • Cooperation on fighting drug trafficking
  • Cooperation on fighting corruption
  • Tourism
  • Energy
  • Sports

13
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