The 18th Summit of the G 20, comprising 19 countries and the European Union, takes place this weekend in New Delhi, India. The Presidency of G 20 is held by India for last year and ends with this Summit. Indian Prime Minister, Narendra Modi, will be the official Chairman under the theme proposed by India […]
Tag Archives: trade
BRICS
First coined as an acronym for some emerging economies in 2001, BRIC countries formally emerged in 2009 at a diplomatic meeting in Russia involving Brazil, Russia, India and China. South Africa became a member in 2010 when the group’s name changed to BRICS. Its primary focus at that time was reforming the global financial system, […]