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{{Infobox summit
| summit_name = 1st BRIC Summit {{lang|ru|I саммит БРИК}}
| other_titles =
| image = 1st BRIC summit logo.png
| caption = official logo
| country = [[Russia]]
| cities = [[Yekaterinburg]]
| dates = 16 June 2009
| participants = [[BRICS]]
| precedes = [[2nd BRIC summit]]
| website =
}}

The inaugural '''BRIC summit''' took place in [[Yekaterinburg]], [[Russia]] on June 16, 2009.<ref>[http://www.dw-world.de/dw/article/0,,4335954,00.html First BRIC summit concludes] [[Deutsche Welle]]. Retrieved on 2009-06-16. [https://www.webcitation.org/5heLbdObU?url=http://www.dw-world.de/dw/article/0%2C%2C4335954%2C00.html Archived] 2009-06-19.</ref> The four [[Head of government|heads of government]] from the [[BRIC]] countries attended.<ref>[https://www.reuters.com/article/topNews/idUSTRE55F02F20090616?feedType=RSS&feedName=topNews Developing world leaders show new power at summits] [[Reuters]]. Retrieved on 2009-06-16.</ref>

==Overview==
The acronym BRIC (for '''B'''razil, '''R'''ussia, '''I'''ndia, '''C'''hina) was first used in a [[Goldman Sachs]] thesis projecting that the economic potential of [[Brazil]], [[Russia]], [[India]] and [[China]] is such that they may become among the five most dominant economies by the year 2050.<ref name="www2.goldmansachs.com">{{cite web|title=Goldman Sachs: The BRICs Dream: Web Tour |url=http://www2.goldmansachs.com/ideas/brics/index.html |archive-url=https://www.webcitation.org/5heLc0nsG?url=http://www2.goldmansachs.com/ideas/brics/index.html |archive-date=2009-06-19 |url-status=live |access-date=2009-06-17 }}</ref> Today, the four countries produce about 15 percent of the world’s [[gross domestic product]] and hold about 40 percent of the [[Official gold reserves|gold]] and [[Foreign exchange reserves|hard currency reserves]].<ref>[https://www.nytimes.com/2009/06/17/world/europe/17bric.html?ref=business Emerging Economies Meet in Russia] ''[[The New York Times]]''. Retrieved on 2009-06-16.</ref>

Political dialogue between the BRIC countries began in [[New York City|New York]] in September 2006, with a meeting of the BRIC [[Foreign Minister|foreign ministers]]. Four high-level meetings have followed, including a full-scale meeting in Yekaterinburg, Russia, on May 16, 2008.<ref>[http://www.kremlin.ru/eng/articles/bric_1.shtml Cooperation within BRIC] [[Kremlin]].ru. Retrieved on 2009-06-16. [https://www.webcitation.org/5heLcSbIK?url=http://www.kremlin.ru/eng/articles/bric_1.shtml Archived] 2009-06-19.</ref>

==Participants==
[[File:1st BRIC summit leaders.jpg|thumb|right|180px|Leaders at the 1st BRIC summit. From left are: President [[Luiz Inácio Lula da Silva]] of Brazil; President [[Dmitry Medvedev]] of Russia; President [[Hu Jintao]] of China, and Prime Minister [[Manmohan Singh]] of India.]]
The [[head of state|heads of state]] and [[heads of government]] of the four countries participated.
{| class="wikitable"
|-
|colspan="4" style="text-align: center; background:Gainsboro" |'''[[BRICS|Core BRIC members]]''' Host state and leader are shown in bold text.
|- style="background:LightSteelBlue; text-align:center;"
! colspan=2 | Member

! Represented by
! Title
|-
! {{flagicon|BRA}}
| Brazil
| [[Luiz Inácio Lula da Silva]]
| [[President of Brazil|President]]
|-
! {{flagicon|RUS}}
| '''Russia'''
| '''[[Dmitry Medvedev]]'''
| '''[[President of Russia|President]]'''
|-
! {{flagicon|IND}}
| India
| [[Manmohan Singh]]
| [[Prime Minister of India|Prime Minister]]
|-
! {{flagicon|CHN}}
| China
| [[Hu Jintao]]
| [[President of the People's Republic of China|President]]
|}

==Gallery of participating leaders==
<gallery widths="122px">
File:Lula - foto oficial - 05 jan 2007.jpg|{{flagicon|Brazil}} '''[[Brazil]]''' [[Lula da Silva]], [[President of Brazil|President]]
File:Dmitry Medvedev official large photo -1.jpg|{{flagicon|Russia}} '''[[Russia]]''' '''[[Dmitry Medvedev]], [[President of Russia|President]] (Host)'''
File:Prime Minister Manmohan Singh in WEF ,2009.jpg|{{flagicon|India}} '''[[India]]''' [[Manmohan Singh]], [[Prime Minister of India|Prime Minister]]
File:Hu Jintao Cannes2011.jpg|{{flagicon|China}} '''[[China]]''' [[Hu Jintao]], [[President of the People's Republic of China|President]]
</gallery>

==Issues==
The leaders discussed the current global [[Financial crisis of 2007–2010|financial crisis]], global development, and further strengthening of the BRIC group.<ref name="Joint Statement">[http://www.kremlin.ru/eng/text/docs/2009/06/217963.shtml Joint Statement of the BRIC Countries’ Leaders] Kremlin.ru. Retrieved on 2009-06-17. [https://www.webcitation.org/5hg2dxP03?url=http://www.kremlin.ru/eng/text/docs/2009/06/217963.shtml Archived] 2009-06-20.</ref>

===World economy===
The BRIC leaders called for increased economic reform, demanding a "greater voice and representation in international financial institutions, and their heads and senior leadership should be appointed through an open, transparent and merit-based selection process."<ref name="Joint Statement"/>

They urged the [[international community]] to push for comprehensive results of the [[Doha Development Round|Doha Round]].<ref name="Joint Statement"/>

===Political issues===
Amongst the important issues discussed were [[Reform of the United Nations|United Nations reform]]. "We reiterate the importance we attach to the status of India and Brazil in international affairs, and understand and support their aspirations to play a greater role in the United Nations."<ref name="Joint Statement"/>

===Food crisis===
Regarding the [[2007–2008 world food price crisis]], the leaders issued a joint statement on global [[food security]], calling for "action by all governments and the relevant international agencies"; and reaffirmed "their commitment to contribute to the efforts to overcome the global food crisis".<ref>[http://www.kremlin.ru/eng/text/docs/2009/06/217964.shtml BRIC's Joint Statement on Global Food Security] {{Webarchive|url=https://web.archive.org/web/20090622214747/http://www.kremlin.ru/eng/text/docs/2009/06/217964.shtml |date=2009-06-22 }} Kremlin.ru. Retrieved on 2009-06-17.</ref>

==References==
{{wikisource|Joint Statement of the BRIC Countries’ Leaders}}
{{Reflist}}

==External links==
*[https://web.archive.org/web/20090620231514/http://www.kremlin.ru/eng/events/details/2009/06/16_218005.shtml First BRIC summit] Official website
*[http://www.migalhas.com.br/arquivos/2015/6/art20150601-02.pdf 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
{{BRICS}}

{{DEFAULTSORT:BRICS summit,01}}

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|keywords=Diplomatic conferences in Russia, 21st-century diplomatic conferences, 2009 in Russia, 2009 in international relations, 2009 conferences, Yekaterinburg, June 2009 events in Russia
|description=
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[[Category:BRICS summits|01]]
[[Category:Diplomatic conferences in Russia]]
[[Category:21st-century diplomatic conferences]]
[[Category:2009 in Russia]]
[[Category:2009 in international relations]]
[[Category:2009 conferences]]
[[Category:Yekaterinburg]]
[[Category:June 2009 events in Russia]]

1st BRIC summit - Revision history

MetaBOT at 16:10, 8 July 2023