BRICS and China

(GS PAPER-2, REGIONAL ORGANISATION

SOURCE- THE HINDU)

Context-

Recently the BRICS foreign minister meeting was held virtually.

The outcome of the meeting-

At the end of the meeting, two statements is released

  • First is on the  “Meeting of the BRICS Ministers of Foreign Affairs/International Relations” 
  • The second is on “BRICS Joint Statement on Strengthening and Reforming the Multilateral System”.

China’s instance-

  1. BRICS countries should pursue openness, inclusiveness, and cooperation, and reject “bloc politics and ideological confrontation”.
  2. The BRICS countries are emerging markets and different from a few developed countries in their approach towards multilateralism and multilateral cooperation.
  3. The BRICS countries emphasized the need to observe the purposes and principles of the UN Charter and are opposing exceptionalism and double standard.

Impact on world order-

  • These statements are revealing that China is totally in opposition to the formation of the QUAD grouping amongst the US, India, Australia, and Japan.
  • China believes that this group is targeting or harming the interests of third parties.

BRICS-

  1. BRICS is an acronym for the group of the countries of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
  2. The British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India, and China in 2001 for the first time.
  3. The grouping came into effect during the first meeting of BRIC Foreign Ministers’ in 2006.
  4. South Africa joined BRIC in December 2010, after which the group adopted the acronym BRICS.
  5. The Chairmanship of this forum is rotated annually among its members, in accordance with the acronym B-R-I-C-S.

Cooperation Mechanism-

 Cooperation among members is achieved through:

  1. Track I: Formal diplomatic engagement between the governments of states.
  2. Track II: Engagement through government- institutions, e.g. state-owned enterprises and business councils.
  3. Track III: Civil society and People-to-People interaction.

India and BRICS:

  1. BRICS has emerged as the voice of developing countries, or the global south, and India is one of its important members.
  2. With rising challenges on issues from WTO to climate change to terrorism, India believes BRICS has to protect the rights of the developing countries.
  3. BRICS has put counter-terrorism, one of its prime goals this has been a success for India.

-Khyati Khare

 

Download Daily Current Affairs of 10 Jun 2021

Khyati Khare

Plutus IAS Current Affairs Team

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