The inaugural BRIC summit took place in Yekaterinburg, Russia on June 16, 2009. The four heads of government from the BRIC countries attended.
Brazil–China relations are the current and historical relationship between Brazil and China. Relations between Brazil and China began in the early nineteenth century and continued until 1949, when they were disrupted by the creation of the People's Republic of China (PRC). Diplomatic relations between the PRC and Brazil officially began in 1974 with agreement on the establishment and operation of Brazil's embassy in Beijing and China's embassy in Brasília. Since then, bilateral ties have developed mostly based on non-interference, equality, and mutual benefit (win-win).
The 2010 BRIC summit took place in Brasília, Brazil on April 15, 2010. This was the second BRIC summit after Yekaterinburg in 2009. The meeting took place between the four heads of government from the BRIC states following bilateral meetings in the prior days.
BRICS is an intergovernmental organization comprising nine countries – Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. BRICS was originally identified to highlight investment opportunities. The grouping evolved into a geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009. Relations among BRICS are conducted mainly based on non-interference, equality, and mutual benefit.
The 2013 BRICS summit was the fifth annual BRICS summit, an international relations conference attended by the head of states or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Durban, South Africa in 2013. This completed the first round of BRICS summits.
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. According to the Agreement on the NDB, "the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments." Moreover, the NDB "shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank."
The 6th BRICS summit was the sixth annual diplomatic meeting of the BRICS, a grouping of major emerging economies that includes Brazil, Russia, India, China and South Africa. It was hosted by Brazil, as the first host country of the current five-year summit cycle; the host city was Fortaleza. Though Brazil had previously hosted a four-member BRIC summit in April 2010, 2014 marked its first full BRICS summit; the 2010 summit in Brasília did not officially include South Africa, who were only invited as guests as a prelude to their gaining full membership in December 2010. Argentine President Cristina Kirchner was a special guest of the summit, and the BRICS leaders met with their UNASUR counterparts shortly after. The 6th BRICS summit resulted in the official inauguration of the New Development Bank, a multilateral development bank intended as an alternative to the World Bank and International Monetary Fund.
The 7th BRICS summit was the seventh annual diplomatic summit of the head of states or government of the BRICS member states. It was held in the Russian city of Ufa in Bashkortostan on 8–9 July 2015.
BRICS Universities League is a consortium of leading research universities from BRICS countries including Brazil, Russia, India, China, and South Africa. Initiated at Fudan University, Shanghai on July 6, 2013, the League aims to become a platform for academic and expert cooperation, comparative research, and international educational projects. In October 2015, around 40 outstanding universities from the five BRICS countries gathered in Beijing Normal University, Beijing to hold the BRICS Universities Presidents Forum. After this Forum, the participating universities declared the Beijing Consensus, and they decided to establish the BRICS Universities League. The League Secretariat is located in Beijing Normal University, with the BNU as a leading university in terms of BRICS higher education and academic cooperation. The League is expanding to attract more and more outstanding BRICS universities to participate in its activities. The BRICS Universities League has performed as a strategic pillar for the BRICS cooperation.
The 2016 BRICS summit was the eighth annual BRICS summit, an international relations conference attended by the heads of country or heads of government of the five member countries Brazil, Russia, India, China and South Africa. The summit was held from 15 to 16 October 2016 at the Taj Exotica hotel in Benaulim, Goa, India. India holds the chair of the BRICS from February 2016 to December 2016.
The 2017 BRICS summit was the ninth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The summit was held in Xiamen, China, the second time the China has hosted the summit after the 2011 summit.
The 2018 BRICS summit is the tenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states of BRICS at the time: Brazil, Russia, India, China and South Africa. The summit was held in Johannesburg, South Africa, the second time that South Africa has hosted the summit with the first being the 2013 summit.
The 2019 BRICS summit was the eleventh annual BRICS summit, an international relations conference to be attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The meeting was held at the Itamaraty Palace, where the Brazilian Ministry of Foreign Affairs is located. The Brazilian capital hosted the BRICS summit for the second time. The Sherpa meeting was held in the Brazilian city of Curitiba between March 14 and 15.
Dedollarisation refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. It also entails the creation of an alternative global financial and technological system in order to gain more economic independence by circumventing the dependence on the Western World-controlled systems, such as SWIFT financial transfers network for the international trade and payments, which could be economically weaponised by America and its Western World allies against other nations. Since the establishment of the Bretton Woods system, the US dollar has been used as the medium for international trade. The United States Department of the Treasury exercises considerable oversight over the SWIFT financial transfers network, and consequently has a huge sway on the global financial transactions systems, with the ability to impose economic sanctions on foreign entities and individuals. Many entities, such as BRICS, are working on creating an alternative to the SWIFT for a more balanced world.
The 2020 BRICS summit was the twelfth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. The meeting was originally scheduled to take place in Saint Petersburg from July 21 to 23, 2020, but was changed to a video conference held on November 17 due to the outbreak of the global COVID-19 pandemic.
The 2021 BRICS summit is the thirteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. It was the third time that India hosted the BRICS Summit after 2012 and 2016. The summit was hosted virtually by video conference. The summit was taken virtually from New Delhi, India.
The 2023 BRICS summit was the fifteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. South African President Cyril Ramaphosa also invited the leaders of 67 countries to the summit.
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt, Ethiopia, Iran, and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit.
At the invitation of President of the Russian Federation Vladimir Putin, President of the United Republic of Tanzania Jakaya Kikwete, President of the Republic of South Africa Jacob Zuma and President of the Republic of the Congo Denis Sassou Nguesso, the President of China and General Secretary of the Chinese Communist Party Xi Jinping left Beijing on the morning of March 22 to pay a state visit to these four countries and attend the 5th BRICS summit held in Durban, South Africa. The trip is also Xi's first foreign state visit since he became the Paramount leader of China in November 2012.
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