BRICS Communications Ministers- Relevance for UPSC Exam
BRICS Communications Ministers Meeting: BRICS Communications Ministers Meeting 2022 is being held under the chairmanship of China. BRICS Communications Ministers is important part of UPSC Mains GS Paper 2 Syllabus (International Relations- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests).
BRICS Communications Ministers Meeting in News
- Recently, Minister of Railways, Communications, Electronics and Information Technology Sh. Ashwini Vaishnaw, participated in the BRICS Communications Ministers meeting 2022.
India at BRICS Communications Ministers Meeting 2022
- In the BRICS Communications Ministers 2022 Meeting, India highlighted achievements of India in the field of ICT.
- India also underlined the reforms undertaken by Government in Telecom sector.
- All Ministers appreciated India’s offer for platforms for Digital Public Goods like Aadhar, CoWin, UPI and Diksha and decided to further collaborate in this area.
BRICS Summit 2022- Key Outcomes
BRICS Communications Ministers 2022
- About: The first meeting of the BRICS Communication Ministers was held in 2015 in Russia, where it was agreed that developing countries have a great potential in the ICT ecosystem and that increased participation of business, academia and other relevant stakeholders for ICT development among BRICS Countries must be encouraged.
- BRICS Communications Ministers 2022: work-plans were finalized for BRICS Institute for Future Networks (BIFN), Digital BRICS Task Force (DBTF).
- These mechanisms will help in deepening Innovative cooperation among BRICS countries.
BRICS Business Forum 2022
About BRICS Grouping
- About: BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
- Background: In 2001, Goldman Sachs’ Jim O’Neill authored a paper called “Building Better Global Economic BRICs”, pointing out that future GDP growth in the world would come from China, India, Russia, and Brazil.
- Though the paper did not recommend any formal grouping, it said that BRIC economies combined would outstrip the western dominated world order before 2039.
- BRICS Formation: In 2006, leaders of the BRIC countries met on the margins of a G-8 (now called G-7) summit in St. Petersburg, Russia, and BRIC was formalized that year.
- Shortly afterward, in September 2006, the group was formalized as BRIC during the 1st BRIC Foreign Ministers’ Meeting, which met on the sidelines of the General Debate of the UN Assembly in New York City.
- First formal summit: took place in 2009 in the Russian Federation and focused on issues such as reform of the global financial architecture.
- South Africa was invited to join BRIC in December 2010, after which the group adopted the acronym BRICS.
- South Africa subsequently attended the Third BRICS Summit in Sanya, China, in 2011.
- BRICS Headquarters: BRICS doesn’t have any headquarter rather all the countries of BRICS have offices dedicated to BRICS in their own nation.
- BRICS Structure: BRICS does not exist in the form of organization, but it is an annual summit between the supreme leaders of five nations.
- BRICS Presidency: The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.
- India had the BRICS Presidency from January 2021.
- Currently, China has the BRICS Presidency.
- BRICS Significance: BRICS Member Countries together represent-
- 41% of the Global Population
- 24% of the Global GDP and
- 16% of the Global Trade
BRICS Summit 2022- Key Outcomes