chapter  2
23 Pages

Non-neutrality of international regimes and the BRICS cooperation

WithXu Xiujun

In June 2009, top leaders of Brazil, Russia, India and China held their first meeting in Yekaterinburg, Russia, where they agreed on establishing an annual meeting mechanism. This marked the shift of “BRIC” 1 from an abstract economic concept to a concrete international dialogue and cooperation platform. Within two years, the BRIC cooperation expanded its membership for the first time to incorporate South Africa, the largest economy in Africa, thus making “BRIC” into “BRICS”. The addition of South Africa made BRICS a more representative cooperative mechanism for emerging economies. Geographically, the BRICS countries are located respectively in Asia, Europe, Africa and South America. The population of the five countries accounts for more than 50 per cent of that of all developing countries and the total territorial area accounts for 40 per cent. Economically, the five countries contribute about 60 per cent of the nominal GDP (measured by market exchange rates) of all developing countries. 2 The rise of the BRICS countries reflects their growth in economic, political, cultural terms, among other aspects, and marks a gradual shift of the BRICS’ role in global affairs from peripheral to central. More importantly, the rise of the BRICS countries will catalyze changes to the unreasonable distribution of interests in the international community and to certain unreasonable international rules.