On 22 March 2016 External Affairs Minister Sushma Swaraj announced that India will host 8th BRICS (Brazil, Russia, India, China & South Africa) Summit from 15th October to 16th October 2016 in Goa. India will host the summit in its capacity as chair of the influential block comprising 5 countries with 42 percent of the world population & combined GDP of over 16 trillion US dollars.
India assumed chairmanship of BRICS from Russia on 15th February 2016 and it will last till 31st December 2016.
The minister also unveiled a logo and website of the Summit in New Delhi. The logo for the Summit is a lotus having colours from all the 5 member countries and a traditional Namaste in the centre.
During India’s BRICS Chairmanship, 5 pronged approach will be adopted.
They are:
• Institution building to further deepen, sustain & institutionalise BRICS co-operation
• Implementation of the decisions from previous Summits
• Integrating the existing co-operation mechanisms
• Innovation:
New co-operation mechanisms on government to government, Track-2, business to business and people to people to tap the full potential of BRICS co-operation
• Continuity: Continuation of mutually agreed existing BRICS co-operation mechanisms.
In 2015, the 7th BRICS summit was held from 8 to 9 July in the Russian city of Ufa in Bashkortostan.
8th BRICS Summit to be held in Goa
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