Page 16 - The South China Business Journal
P. 16
ER STORY

From The 1st BRIC Summit was held in June 2009 mechanism of the World Bank and IMF’s senior
BRIC in Yekaterinburg, Russia to discuss issues in- management, G20 affairs and climate change. The
cluding the global financial crisis, the international conversation also included the global financial crisis,
to situation, and the G20 Summit. Reform of interna- UN reform, international and regional hot-spot issues,
tional financial institutions, food and energy secu- and additional BRIC cooperation. The Summit issued
BRICS rity, climate change, development assistance, and the a joint statement and agreed on concrete measures to
Heiligendamm Process was on the agenda as well as promote BRIC cooperation and coordination.
prospects for future BRIC cooperation, directions and
dialogue. The Summit issued a joint statement that The 3rd BRICS Summit was held in April 2011 in
call for greater say and representation of emerging Sanya, China. The theme was “Broad Vision, Shared
markets and developing countries in international fi- Prosperity”. Agenda items included the international
nancial institutions, and adopted a Joint Statement on situation, global economy and international finance,
Global Food Security. development and BRICS cooperation. The Summit
issued the Sanya Declaration and its Action Plan. On
The 2nd BRIC Summit was held in April 2010 in the sidelines, the Meeting of Trade Ministers, Aca-
Brasilia, capital of Brazil. The leaders further dis- demic Forum, Financial Forum and Business Forum
cussed international issues including the selection were held.

14
   11   12   13   14   15   16   17   18   19   20   21