Brazil, Russia, India, China and South Africa (BRICS)

BRICS is an acronym for Brazil, Russia, India, China and South Africa and is an association of these countries (All five are G-20 members.).

• They have been identified as the fastest growing economies in the world. They are also seen as having large influence on regional affairs in their area.
• Since 2009, the nations have held an annual summit every year. Originally known only as BRIC, the first summit was held in Yekaterinburg, Russia in June 2009 when South Africa was not a part of the group.
• On December 25 2010, South Africa was officially included with the BRIC members, and ....