For the past few months, the word BRICS has been trending internationally. Both on diplomacy and trade affairs. What is BRICS? BRICS is an organization of five emerging economies, namely Brazil, Russia, India, China, and South Africa. Establishment After a series of high-level meetings, the 1st BRIC summit was held in Yekaterinburg, Russia on 16 June 2009. BRIC group was renamed as BRICS (Brazil, Russia, India, China, South Africa) after South Africa was accepted as a full member at the BRIC Foreign Ministers’ meeting in New York in September 2010. The acronym was coined by Jim O’Neill, a Goldman Sachs … Continue reading What You Need To Know About BRICS Organisation. (2023)