7th BRICS summit

7th BRICS Summit
VII саммит БРИКС
Host country Russia
Date 8–9 July 2015
Cities Ufa, Bashkortostan
Participants BRICS
Follows 6th BRICS summit
Precedes 8th BRICS summit
Website en.brics2015.ru

The 7th BRICS summit was the seventh annual diplomatic summit of the head of states or government of the BRICS member states. It was held in the Russian city of Ufa in Bashkortostan on 8–9 July 2015.[1]

Background

Congress Hall

During the 6th BRICS summit in Fortaleza, Brazil, the BRICS leaders signed a declaration reading: "Brazil, India, China and South Africa convey their appreciation to Russia for its offer to host the Seventh BRICS Summit in 2015 in the city of Ufa and extend their full support to that end."[2][3]

Agenda

The summit coincided with the entry into force of constituting agreements of the New Development Bank and the BRICS Contingent Reserve Arrangement and during the summit inaugural meetings of the NDB were held, and it was announced it would be lending in local currency; and open up membership to non-BRICS countries in the coming months.[4]

Participants

Core BRICS members
Host state and leader are shown in bold text.
Member Represented by Title
Brazil Brazil Dilma Rousseff President
Russia Russia Vladimir Putin President
India India Narendra Modi Prime Minister
China China Xi Jinping President
South Africa South Africa Jacob Zuma President

BRICS-SCO-EEU summit

The BRICS held a joint summit with the Shanghai Cooperation Organisation and the Eurasian Economic Union in Ufa on 9 July. Invited heads of states or government:

Leaders

Legacy

Though other sectoral ministers have met, as a result of this meeting, the Russian proposal for an ICT minister's meeting took place in October. Russia's Minister of Communications and Mass Media Nikolai Nikiforov hosted a Ministers of Communications meeting in Russia. At the meeting he proposed that BRICS states support their information technology companies and to open their respective markets to the rest of the bloc in order to challenge the U.S, monopoly in the sector. He said on 22 October: "All BRICS states are interested in cooperation in the sphere of information and communications technologies (ICT). [While every BRICS state has advantages in a particular sphere of ICT] but today, information technologies are a driver of economic growth for all [BRICS countries], without exception. On the IT-market and in the Internet sphere there is a monopoly of one state or a couple of states and just several companies. These companies are acting as if they were part of the state machine, not independent market actors."[5]

References

  1. ↑ Chernyshova, Daria (14 July 2014). "Russian Delegation in Brazil Learns BRICS Summit Organizational Ins and Outs". RIA Novosti. Retrieved 15 July 2014.
  2. ↑ "Next BRICS Summit to be held in the Russian city of Ufa". Press Trust of India/The Economic Times. Retrieved 10 June 2014.
  3. ↑ "The Sino-Brazilian Principles in a Latin American and BRICS Context: The Case for Comparative Public Budgeting Legal Research". Wisconsin International Law Journal. 13 May 2015. Retrieved 6 June 2015.
  4. ↑ http://zeenews.india.com/business/news/international/brics-bank-to-start-lending-in-local-currency-by-april-kamath_131039.html
  5. ↑ https://www.rt.com/business/319433-brics-it-ministers-meeting/
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