EDITORIAL: TALKING ABOUT TALKING
CURRENT AFFAIRS FOR 28TH AUGUST, 2023
EDITORIAL: TALKING ABOUT TALKING
Indian PM Modi and the Chinese President Xi Jinping had a brief conversation on the sidelines of the BRICS summit in South Africa. The two leaders talked on the ongoing border situation and restoring peace and tranquility along the LAC.
The exchange was only the second known interaction between the leaders since the start of the LAC crisis in 2020, after the Bali summit.
• BRICS - BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
• The grouping was formalized during the first meeting of BRIC Foreign Ministers in 2006.
• South Africa was invited to join BRIC in December 2010, after which the group adopted the acronym BRICS.
• The theme for the 15th BRICS Summit is “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism”.
• BRICS marked its 15th summit by expanding its membership from five to eleven countries, reflecting a concerted effort to enhance its global standing.
• Egypt, Iran, Saudi Arabia, UAE, Ethiopia, and Argentina joined the BRICS fold, amplifying the group's representation across the Middle East, Africa, and South America.