BRICS: The 11th Summit In Brazil

The yearly 11th BRICS summit theme was an international relations gathering visited by many ministers of Governmental entities belonging to five nations, Brazil, Russia, India, China and South Africa, which occurred in 2019. This meeting was held at Itamaraty palace, which also contains the Brazilian foreign ministry. This was the second time the BRICS summit was to be held in the Brazilian city of Brasilia. The motto of this summit was the growth of the digital economy for a good future. In this 11th BRICS summit theme, many important topics were covered during the discussion. Some of the topics were like strengthening the collaboration in science, technology and the growth of the digital economy.

11th BRICS Summit Theme

The 11th BRICS summit theme, which was held under the supervision of Brazil, concentrated on the growth in the economy for the technological future. The summit also pointed out many of the important topics for the growth of the country. The five nations, Brazil, Russia, India, China and South Africa, all together discussed the idea of expanding the assistance with science, innovation and technology, Rejuvenating collaboration in the fight against multinational crime, drug supply and discussing the development of a new development bank and BRICS business council. There were many Brasilia declarations made by the nation. All the country’s ministers followed the Brasilia declaration during the 11th BRICS summit theme, which was as follows:

• The presidents of the federal state of Brazil, the Russian Federation, the Republic of India, the People’s republic of china and the republic of South Africa visited Brasilia, Brazil, on 14th November in 2019. The 11th BRICS summit theme was the growth of the digital economy for an intelligent year ahead.
• The minister endorses their fundamental declaration of independence, fair treatment and tolerance, as well as their common goal of building a peaceful, secure and more effective leader. These concepts, ethics and goals provide a solid basis and clear direction in their mutual advantages and practical collaboration. The minister promised to continue to develop BRICS partnerships for the profit and prosperity of the people, based upon the work of previous summits in the areas of economy, peace and security and citizen interaction.
• The ministers also applauded the existence of the Invention system, the implementation of new design on Science, Future technologies and Advancement which will be implemented by the BRICS advisory board and the guidelines of the BRICS energy research cooperation Platform among other accomplishments. They also applauded the BRICS strategies for tackling terrorism, the seminar on Human milk banks and the BRICS account receivable meeting being held. During the summit, the nation’s ministers also applauded the acceptance of the BRICS Chairship’s Collaborative Research Program and other projects.
• Despite the fact that even the BRICS have been the key contributor to global increase over the past decade and now account for about a third of economic output, we are certain that sustained reform will improve our upside potential. The increase in rate volatility will be aided by the increase in trade as one of the BRICS countries. We also believe that fiscal, economic, and structural policies should be pursued in order to reach robust, durable, fair, and inclusive growth. Researchers urge the Government and other initiatives to sustain policy conversation and collaboration in order to progress those goals and handle possible threats.
• Readers were indeed satisfied with the performance made underneath the BRICS Comprehensive Economic Strategy, which includes keeping imaginative, sustainable, and equitable productivity expansion, and take a glance very much forward to the overview next year under the Russian Chairmanship. We appreciate the success made by members in implementing the BRICS Action Agenda on Economic and Trade Cooperation, which includes fostering a variety of experiences such as policy sharing, data exchange, trade and investment simplification and promotion, and trade research. They applaud the completion of the BRICS Joint Trade Research Report, particularly revealing economic opportunities between BRICS, and therefore direct our governments to keep supporting pattern projects among all nations.
• They applaud the formation of the BRICS Women Business Alliance (WBA), which aspires to increase women’s involvement as growth engines, contribute to women’s employment emancipation in our nations, and provide a unique viewpoint on BRICS challenges. Participants will decide on the WBA’s agenda, work organisation, and other aspects of its operation. We anticipate the appointment of four people from each nation as well as the convening of the WBA’s opening session as quickly as practicable in 2020.
• Folks urge the WBA and also the BBC to work together and organise their functions so that the involvement of women is strengthened.

Conclusion

Through the report and the above content, we can get to know about the 11th BRICS summit theme, which was about the growth and development of the digital economy for the enhancement of the technological future. BRICS was the collaboration of five nations, Brazil, Russia, India, China, and South Africa, who visited Brasilia city of Brazil. They all discussed many fair and important topics for the growth of nations. This summit hosted the country Brazil for the second time. This summit was very important for the nation’s development as it gave hope by giving many challenges to the president of the nation to work for enhancing the country’s growth.