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Copyright: brics
BRICS is an intergovernmental organization consisting of ten countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It is considered to be a counterpart and alternative to the G7 bloc of the world's largest economies and combined represent nearly half of the world's population.
The term 'BRIC' was originally identified to highlight investment opportunities. The multipolar grouping evolved geopolitically and geoeconomically, with their governments meeting annually at formal summits and coordinating multilateral policies since the founding countries of Brazil, Russia, India, and China held the first leaders summit in Russia in 2009 under the name BRIC. Relations among BRICS are conducted mainly based on non-interference, equality, and mutual benefit.
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