Anindya Mondal 2001 at 17:39, 20 May 2023

2023-05-20T17:39:48Z

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{{Infobox summit
| summit_name = 6th BRICS Summit {{lang|pt|Sexta cúpula do BRICS}}
| other_titles =
| image = 2014 BRICS summit logo.png
| caption = Official logo
| country = [[Brazil]]
| venues = [[Centro de Eventos do Ceará]]<ref>{{cite web |url=http://brics6.itamaraty.gov.br/programme |title=Programme: VI BRICS Summit |year=2014 |publisher=Brazilian Ministry of External Relations |access-date=15 July 2014 |archive-url=https://web.archive.org/web/20140718085341/http://brics6.itamaraty.gov.br/programme |archive-date=18 July 2014 |url-status=dead }}</ref>
| cities = [[Fortaleza]] and [[Brasília]]<ref>{{cite web|title=UNASUR leaders arrive in Brazil for BRICS summit|url=http://www.buenosairesherald.com/article/164732/unasur-leaders-arrive-in-brazil-for-brics-summit|work=Buenos Aires Herald|access-date=16 July 2014}}</ref>
| date = {{start date|2014|07|14|df=y}}–{{End date|2014|07|16|df=y}}
| participants = [[BRICS]]
| follows = [[5th BRICS summit]]
| precedes = [[7th BRICS summit]]
| website = {{URL|brics6.itamaraty.gov.br}}
}}

The '''6th BRICS summit''' was the sixth annual diplomatic meeting of the [[BRICS]], a grouping of major emerging economies that includes [[Brazil]], [[Russia]], [[India]], [[China]] and [[South Africa]]. It was hosted by Brazil, as the first host country of the current five-year summit cycle;<ref name=Declaration/> the host city was [[Fortaleza]].<ref>{{cite web|url=http://www.postwesternworld.com/2013/07/04/a-cupula-de-durban-e-o-futuro-dos-brics/|title=A Cúpula de Durban e o futuro dos BRICS|publisher=Post-Western World|access-date=7 November 2013}}</ref> Though Brazil had previously hosted a four-member [[BRIC]] summit in April 2010, 2014 marked its first full BRICS summit;<ref>{{cite news|url=https://www.economist.com/blogs/newsbook/2013/03/brics-summit|title=The BRICS summit: Lacking mortar|work=[[The Economist]]|access-date=10 July 2013}}</ref> the [[2nd BRIC summit|2010 summit]] in [[Brasília]] did not officially include South Africa, who were only invited as guests as a prelude to their gaining full membership in December 2010.<ref>{{cite web|url=http://www.cfr.org/brazil/bric-summit-joint-statement-april-2010/p21927 |title=BRIC Summit Joint Statement, April 2010 |publisher=[[Council on Foreign Relations]] |access-date=10 July 2013 |url-status=dead |archive-url=https://web.archive.org/web/20140718025553/http://www.cfr.org/brazil/bric-summit-joint-statement-april-2010/p21927 |archive-date=18 July 2014 }}</ref> [[Argentine]] [[President of Argentina|President]] [[Cristina Kirchner]] was a special guest of the summit, and the BRICS leaders met with their [[Union of South American Nations|UNASUR]] counterparts shortly after. The 6th BRICS summit resulted in the official inauguration of the [[New Development Bank]], a [[multilateral development bank]] intended as an alternative to the [[World Bank]] and [[International Monetary Fund]].

==Background==
Following the [[5th BRICS summit|2013 BRICS summit]] in [[Durban]], South Africa, the BRICS countries released a joint statement summarising the results of their discussions and naming Brazil as the host country for the 2014 summit.<ref name=Declaration>{{cite web|url=http://www.brics5.co.za/fifth-brics-summit-declaration-and-action-plan/|title=Fifth BRICS summit declaration and action plan|publisher=[[BRICS]]|access-date=10 July 2013|archive-date=31 March 2013|archive-url=https://web.archive.org/web/20130331233401/http://www.brics5.co.za/fifth-brics-summit-declaration-and-action-plan/|url-status=dead}}</ref> Having agreed to set up a [[New Development Bank|new international development bank]] during the 2013 summit,<ref>{{cite web|url=https://www.theguardian.com/global-development/2013/mar/28/brics-countries-infrastructure-spending-development-bank|title=Brics eye infrastructure funding through new development bank|work=[[The Guardian]]|access-date=29 March 2013}}</ref> the member countries intended to complete the arrangements for the bank prior to the 2014 summit.<ref>{{cite web|url=http://in.reuters.com/article/g20-brics-india-idINDEE93I0DK20130419|title=India sees BRICS development bank agreed by 2014 summit|agency=Reuters|access-date=10 July 2013}}</ref> The summit was initially scheduled for March 2014, but was shifted to a later date at China's request; it was ultimately held on 14–16 July 2014.<ref name=brics6>{{cite web|url=http://brics6.itamaraty.gov.br/|title=BRICS 2014 Summit Official Site|access-date=17 July 2014|archive-url=https://web.archive.org/web/20140718063948/http://brics6.itamaraty.gov.br/|archive-date=18 July 2014|url-status=dead}}</ref>

==Participants==
[[File:BRICS leaders in Brazil.jpeg|thumb|210 px|The BRICS leaders at the 6th BRICS summit. Left to right: [[Vladimir Putin|Putin]], [[Narendra Modi|Modi]], [[Dilma Rousseff|Rousseff]], [[Xi Jinping|Xi]] and [[Jacob Zuma|Zuma]].]]

The [[heads of state]] and [[heads of government]] that participated in the summit were:
{| class="wikitable"
|-
|colspan="4" style="text-align: center; background:Gainsboro" |'''[[BRICS|Core BRICS 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'''
| '''[[Dilma Rousseff]]'''<ref name=BRICSleaders>{{cite web|title=Modi Likely to Watch FIFA World Cup Final ahead of BRICS Summit|url=http://www.indiawest.com/news/india/article_7620d1de-f600-11e3-9dc2-001a4bcf887a.html|publisher=India West|access-date=19 June 2014|archive-date=3 March 2016|archive-url=https://web.archive.org/web/20160303174254/http://www.indiawest.com/news/india/article_7620d1de-f600-11e3-9dc2-001a4bcf887a.html|url-status=dead}}</ref>
| '''[[President of Brazil|President]]'''
|-
! {{flagicon|RUS}}
| Russia
| [[Vladimir Putin]]<ref name=BRICSleaders /><ref name=Russia>{{cite web|title=Putin to visit Brazil for final game of World Cup 2014|url=http://english.pravda.ru/news/sports/18-06-2014/127827-putin_world_cup_brazil-0/|publisher=PRAVDA.Ru|access-date=19 June 2014}}</ref>
| [[President of Russia|President]]
|-
! {{flagicon|IND}}
| India
| [[Narendra Modi]]<ref name=BRICSleaders />
| [[Prime Minister of India|Prime Minister]]
|-
! {{flagicon|CHN}}
| China
| [[Xi Jinping]]<ref name=BRICSleaders /><ref name=China>{{cite web|title=Brazil to Use Chinese Visit for Business Deals|url=http://www1.folha.uol.com.br/internacional/en/business/2014/06/1472306-brazil-to-use-chinese-visit-for-business-deals.shtml|publisher=Folha de S.Paulo|access-date=19 June 2014}}</ref>
| [[President of the People's Republic of China|President]]
|-
! {{flagicon|RSA}}
| South Africa
| [[Jacob Zuma]]<ref name=BRICSleaders />
| [[President of South Africa|President]]
|}

The 6th BRICS summit was Narendra Modi's first major international summit as Prime Minister of India. In addition to the five BRICS leaders, [[Cristina Fernández de Kirchner]], [[President of Argentina]], was invited to join the proceedings.<ref name=invitation>{{cite web|title=Argentina invited to BRICS meeting in Brazil|url=http://www.buenosairesherald.com/article/160670/argentina-invited-to-brics-meeting-in-brazil|work=Buenos Aires Herald|access-date=19 June 2014}}</ref><ref name="FARS">{{cite web|title=Argentina to Join BRICS Upcoming Summit on Russia's Invitation|url=http://english.farsnews.com/newstext.aspx?nn=13930310001021|publisher=FARS|access-date=19 June 2014|archive-url=https://web.archive.org/web/20140716070407/http://english.farsnews.com/newstext.aspx?nn=13930310001021|archive-date=16 July 2014|url-status=dead}}</ref><ref name="Bueno Aires Herald">{{cite web|title=The good, the bad and the Paris Club|url=http://www.buenosairesherald.com/article/160941/the-good-the-bad-and-the-paris-club|work=Bueno Aires Herald|access-date=19 June 2014}}</ref><ref name=invitation2>{{cite web|title=BRICS summit: PM Modi to leave for Brazil tomorrow, will seek reforms|url=http://www.hindustantimes.com/india-news/pm-narendra-modi-to-leave-for-brazil-tomorrow-for-brics-summit/article1-1239519.aspx|archive-url=https://web.archive.org/web/20140713100114/http://www.hindustantimes.com/india-news/pm-narendra-modi-to-leave-for-brazil-tomorrow-for-brics-summit/article1-1239519.aspx|url-status=dead|archive-date=13 July 2014|work=Hindustan Times|access-date=26 January 2015}}</ref>

==Agenda==
At the summit, the BRIC nations agreed to create the US$100 billion [[New Development Bank]] (NDB) to allow states to pool resources for economic stabilization.<ref name="Sharkov">{{cite web|author=Damien Sharkov|url=http://europe.newsweek.com/brics-summit-firms-plans-new-development-bank-330059?rx=us|title=Brics summit firms up plans for New Development Bank}}</ref> The countries also set forth plans to acquire reserves of $100 billion (€90.8b billion) through investment from the BRICS nations.<ref name="Sharkov"/> The BRICS nations also signed an agreement on cooperation between the BRICS nations' [[Export credit agency|export credit agencies]]: [[EXIAR]] (Russia); ABGF (Brazil), [[Export Credit Guarantee Corporation of India|ECGC]] (India), [[China Export and Credit Insurance Corporation|SINOSURE]] (China) and ECIC (South Africa).<ref>{{cite web|url=http://www.thehindubusinessline.com/economy/ecgc-signs-pact-with-brics-countries-export-credit-insurance-agencies/article6217173.ece|title=ECGC signs pact with BRICS countries' export credit insurance agencies|newspaper=The Hindu}}</ref> In a press release, the group wrote: "We remain disappointed and seriously concerned with the current non-implementation of the 2010 [[International Monetary Fund]] (IMF) reforms, which negatively impacts on the IMF's legitimacy, credibility and effectiveness."<ref>{{cite web|url=http://brics6.itamaraty.gov.br/media2/press-releases |title=Press releases |publisher=Brics6.itamaraty.gov.br |access-date=17 July 2014 |url-status=dead |archive-url=https://web.archive.org/web/20140718154506/http://brics6.itamaraty.gov.br/media2/press-releases |archive-date=18 July 2014 }}</ref> The NDB is designed to represent all five of the group's member nations – its headquarters will be in [[Shanghai]], the institution's first president will be from India, the bank's first regional office will be in [[Johannesburg]], the inaugural chairman of the board of governors will be from Russia and the first chairman of the board of directors will be from Brazil. The presidency, with a term of five years, will rotate among the members of the BRICS.<ref>{{cite web|url=http://timesofindia.indiatimes.com/business/international-business/BRICS-Development-Bank-launched-first-president-to-be-from-India/articleshow/38440605.cms |title=BRICS Development Bank launched, first president to be from India |work=The Times of India| date=16 July 2014|access-date=17 July 2014}}</ref>
==Bilateral meetings==
During the summit, Xi Jinping was said to have told Narendra Modi that China was willing to consider expanding the [[Shanghai Cooperation Organisation]] to include India as a full member at the [[2014 SCO summit]].<ref>{{cite web|url=http://www.telegraphindia.com/1140806/jsp/nation/story_18691973.jsp|archive-url=https://web.archive.org/web/20140814171801/http://www.telegraphindia.com/1140806/jsp/nation/story_18691973.jsp|url-status=dead|archive-date=14 August 2014|title=Delhi gears to join China-Russia club - America sniffs Nato ‘counterweight’|work=Telegraph India|access-date=25 October 2014}}</ref> The summit further established the principles of non-interference and mutual benefit underpinning bilateral relations within the BRICS.<ref>{{cite journal|last1=Lopes Jr.|first1=Gutemberg P.|title=The Sino-Brazilian Principles in a Latin American and BRICS Context: The Case for Comparative Public Budgeting Legal Research|journal=Wisconsin International Law Journal|url=http://www.migalhas.com.br/arquivos/2015/6/art20150601-02.pdf|year=2015|format=PDF|access-date=26 June 2015}}</ref>

==BRICS–UNASUR summit==

The BRICS held a summit with the [[Union of South American Nations|UNASUR]] leaders in [[Brasília]] on 16 and 17 July.<ref name=UNASUR/>

;Invited UNASUR heads of state<ref name=UNASUR>{{cite web|title=Los líderes del BRICS, Unasur, Cuba, México y Costa Rica se citan en Brasilia|url=http://www.lavanguardia.com/economia/20140715/54411930114/los-lideres-del-brics-unasur-cuba-mexico-y-costa-rica-se-citan-en-brasilia.html|work=La Vanguardia|access-date=26 January 2015}}</ref>
*{{flagu|Argentina}} – [[Cristina Fernández de Kirchner]]<ref name="invitation"/><ref name="FARS"/><ref name="Bueno Aires Herald"/><ref name="invitation2"/>
*{{flagu|Bolivia}} – [[Evo Morales]]
*{{flagu|Chile}} – [[Michelle Bachelet]]
*{{flagu|Colombia}} – [[Juan Manuel Santos]]
*{{flagu|Ecuador}} – [[Rafael Correa]]
*{{flagu|Guyana}} – [[Donald Ramotar]]
*{{flagu|Paraguay}} – [[Horacio Cartes]]
*{{flagu|Peru}} – [[Ollanta Humala]]
*{{flagu|Suriname}} – [[Dési Bouterse]]
*{{flagu|Uruguay}} – [[José Mujica]]
*{{flagu|Venezuela}} – [[Nicolás Maduro]]

==Gallery of participating leaders==
'''Members: '''
<gallery>
File:Dilma Rousseff - foto oficial 2011-01-09.jpg |'''{{flag|Brazil}}''' '''[[Dilma Rousseff]], [[President of Brazil|President]] (Host)'''
File:Vladimir Putin - 2006.jpg |'''{{flag|Russia}}''' [[Vladimir Putin]], [[President of Russia|President]]
File:PM Modi Portrait(cropped).jpg |'''{{flag|India}}''' [[Narendra Modi]], [[Prime Minister of India|Prime Minister]]
File:Xi jinping Brazil 2013.png |'''{{flag|China}}''' [[Xi Jinping]], [[President of the People's Republic of China|President]]
File:Jacob Zuma 2014 (cropped).jpg |'''{{flag|South Africa}}''' [[Jacob Zuma]], [[President of South Africa|President]]
</gallery>

==References==
{{Reflist|30em}}

{{BRICS|state=autocollapse}}

{{DEFAULTSORT:BRICS summit,06}}
[[Category:BRICS summits|06]]
[[Category:2014 conferences]]
[[Category:2014 in Brazil]]
[[Category:2014 in international relations]]
[[Category:21st-century diplomatic conferences (BRICS)]]
[[Category:Diplomatic conferences in Brazil]]
[[Category:History of Brasília]]
[[Category:Fortaleza]]
[[Category:July 2014 events in South America]]
[[Category:21st century in Brasília]]

6th BRICS summit - Revision history

Anindya Mondal 2001 at 17:39, 20 May 2023