Showing posts with label BRICS Summit. Show all posts
Showing posts with label BRICS Summit. Show all posts

Wednesday, March 27, 2013

BRICS

After lasts night's opening ceremony, the delegates enjoyed a business breakfast hosted by The New Age. Today is actual summit where the head's of the various states will be discussing pertinent issues and various trade opportunities.

Some quick facts on the BRICS nations.(taken from the the BRICS publication)

Brazil
Brazil's capital city is Brasilia. 
Nearly half of South America's population resides in the country.
80% of the population is urbanized.
There is a literacy rate of 86%.
São Paulo is the largest city and is one of the largest metropolises in the world.
Tourism is booming due to Samba music, soft sand beaches and sunny weather.
Brazil is home to the largest tropical forest park in the world, Tumucumaque National Park.
The largest industries are; textiles, shoes, chemicals, cements, lumber and iron ore.
Agricultural industries include coffee, soy, wheat, rice and beef.
The biggest exports are; transport equipment, iron ore, soy beans, footwear and of course coffee. 

Russia
The capital city is Moscow.
There is a 100% literacy rate!
Originally part of the Soviet Union, a failed coup in 1991 resulted in the establishment of Russia
Europe's longest river, the Volga, flows from northern Russia into the Caspian Sea.
The largest industries are mining and extractive industries, machine building, road and rail transportation equipment as well as communications equipment.
Agricultural industries include grain, sugar beets, sunflower seed, vegetables and beef.
Biggest exports are petroleum and petroleum products, natural gas, wood and wood products, metals and fur.

India
Capital city New Delhi
A literacy rate of 60%.
India is land of great contrast, the world tallest mountain range lies to the north, desert in the west, some off the highest rainfall in the world falls in the east and almost tropical holiday resorts dot the south coast.
India has the second highest population in the world, but is growing faster than the country with the highest and is set to surpass it.
Home to Bollywood, the second largest film industry.
The largest industries are; textiles, chemicals, food processing, steel, transportation equipment, cement and mining.
Agricultural processes include rice, wheat, oilseed, cotton, cattle and fish.
Biggest exports include textile goods, gems and jewellery, engineering goods, chemicals and leather manufacturers.

China
The capital city is Beijing.
The is a literacy rate of 86%.
China is the world's most populated country encompassing 20% of the world's people!
Is the 4th largest country in area.
China could have the world's longest continuous civilization, spanning 40 centuries.
China has one of the world's highest growth rates, averaging almost 10% a year.
The largest industries are iron and steel, coal, machine building, armaments, textiles and apparel, petroleum and cement.
Agricultural industries include rice, wheat, potatoes, sorghum, pork and fish.
The biggest exports are machinery and equipment, textiles and clothing, footwear, toys and sporting goods



Tuesday, March 26, 2013

The Fifth BRICS Summit

Today is the official start of the 5th BRICS Summit in Durban and Wesgro is here flying the flag for the Western Cape to the world.

 BRICS is acronym for the association of the emerging markets of Brazil, Russia, India, China and South Africa. Originally called BRIC, South Africa was included in 2010, an indication that we were becoming a strong economic force. 

The aim of the summits are for these nations to seek common ground on areas of importance for these economies. This year's summit will focus on the formation of a development bank for the BRICS nations with possible inclusion of other emerging markets. Another issue on the agenda is the role BRICS will play in the infrastructure development and industrialization of Africa, which was the pledge made at the 2011 BRICS summit that convened in China.