The BRICS Summit was held by Brazil, Russian Federation, Indian Federation, South Africa and China. The traditional BRIC countries refer to the English initials of Brazil, Russian, Indian and China. Because this word is similar to the brick of English words, it is called BRIC. After South Africa joined, its English word has become BRIC and its name has been changed.

From August 22 to August 24, 2023, the 15th meeting of BRICS countries was held in Johannesburg, South Africa. On June 65438+1 October1day, 2024, Saudi Arabia, Egypt, United Arab Emirates, Iran and Ethiopia became full members of the BRICS countries.

The significance of convening

With the convening of the BRICS Conference, the cooperation mechanism of BRICS countries has gradually taken shape. As the representative of emerging economies in the world, BRICS countries' international influence is also increasing day by day. According to the International Economic Outlook released by the International Monetary Fund in June 20 10, the total GDP of BRIC countries has accounted for 65,438+of the world share since 2008.

With South Africa's accession, BRIC countries have become history, and a more broadly representative BRIC country has stepped onto the international stage. With the maturity of BRICS cooperation mechanism, more emerging economies may join in the future, and BRICS countries with greatly increased weight will play a more important role in international political and economic affairs.