BRICS Summit 2012, New Delhi: main highlights

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India held the 4rth BRICS (Brazil, Russia, India, China, South Africa) Summit in New Delhi today. Different leaders of these countries discussed various emerging international issues and how they can increase trade between the BRICS countries.

The theme of the BRICS summit is aptly kept "BRICS Partnership for Global Stability, Security and Prosperity".


The 4rth BRICS Summit is being attended by Brazilian President Dilma Roussef, Russian president Dmitry Medvedev, Chinese president Hu Jintao, South African president Jacob Zuma and the host country’s PM Dr. Manmohan Singh.

Indian PM Dr. Manmohan Singh suggested to establish a South-South development bank which will be funded and managed by BRICS countries. He also suggested to take a uniform stand on the issue of the UNSC reforms.

BRICS leaders also suggested to take collective steps to solve the economic crisis situation in the Europe as it is affecting the economies of different countries internationally.

They also seem agreed on the importance of dialogue to solve the crisis situation in countries like Syria and Iran. They were in favour of the immediate end of violence in these countries which had done a large human and financial damage. They also agreed on the peaceful development of nuclear energy by Iran to meet their energy needs.

Although intra-BRICS trade increased by 28 percent last year but still it constitutes very small part of world trade so there is lot of scope to increase it further. Trade ties should not get disturbed because of other developments.

Also they condemned the terrorist activities in different countries and serious steps should be taken to stop terrorism. They shouldn’t be supported by any organization or country.

Peaceful ways of dialogues should be adopted to solve the problems in these countries. BRICS countries constitute over 40 percent of world population and these countries can play important role in important international matters.



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