| Author (Corporate) | European Parliament: European Parliamentary Research Service |
|---|---|
| Series Title | Briefing |
| Series Details | October 2016 |
| Publication Date | October 2016 |
| Content Type | Journal | Series | Blog |
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The next BRICS Summit will take place in Goa, India on 15 and 16 October 2016. This is the eighth year that the leaders of Brazil, Russia, India, China and South Africa (since 2011 only) will come together since the institutionalisation of cooperation among the major emerging economies in 2009. While a range of doubts exist regarding the longevity and cohesion of the bloc, given the disappointing economic performance of several of its members in recent years, the group appears confident that the summit will lead to further intra-BRICS cooperation, including in the areas of customs authorities, environment and agriculture. Terrorism will also be a key issue in the discussions. According to observers, the aim of the summit will be to consolidate existing institutions, including the BRICS-led New Development Bank and the Contingent Reserve Arrangement. It will also be an opportunity for India to underline its prime status among emerging powers, as it is currently growing faster than any other major economy. In 2017 the BRICS chair will be taken over by China. Author: Elena Lazarou |
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| Source Link | Link to Main Source http://www.europarl.europa.eu/RegData/etudes/BRIE/2016/589838/EPRS_BRI(2016)589838_EN.pdf |
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| Countries / Regions | Europe |
