BRICS : In News
The Indian Prime Minister recently met the Russian Deputy Prime Minister to discuss establishing a BRICS Grain Exchange to enhance agricultural trade among member countries.
- BRIC: Brazil, Russia, India, and China.
- BRIC held its first meeting in 2006 during the G8 Outreach Summit and its first standalone summit in Russia in 2009.
- With the inclusion of South Africa in 2010, BRIC became BRICS.
- In 2024, Iran, Egypt, the UAE, and Ethiopia
- In 2025, Indonesia joined as a full member.
- Saudi Arabia has not formalised its membership, while Argentina opted out despite initial plans to join.
- Membership (2025)
- Core Members (10): Brazil, Russia, India, China, South Africa, Iran, Egypt, UAE, Ethiopia, Indonesia.
- Partner Countries (11): Belarus, Bolivia, Kazakhstan, Cuba, Nigeria, Malaysia, Thailand, Vietnam, Uganda, Uzbekistan.
