Credit: eurasiacenter.com /  BRICS Nations of five major emerging national economies.

DIPLOMATIC TIMES STAFF

(WASHINGTON D.C.)          -BRAZIL, RUSSIA, INDIA, CHINA , SOUTH AFRICA .  These are the BRICS countries, an association of five major emerging national economies. The five BRICS countries represent almost 3.6 billion people, with a combined nominal GDP of US$19 Trillion and an estimated US$4 Trillion in combined foreign reserves. The Eurasia Center held its 7th Annual “DOING BUSINESS WITH BRICS”   Conference in Washington D.C. this week.  “India’s Red Hot economy has now become the world’s fastest growing economy, projected to grow at 7.5 percent in 2019, 7.7 percent in 2020, as India’s Government has loosened regulations on foreign investment,”  according to The Eurasia Center.  Brazil has come out of recession in 2017 with an increased GDP rate of 1 percent and is planning important economic reforms. China is promising billions of dollars in tax cuts and infrastructure spending to ensure that its economy grows within the 6-6.5 percent target range, The Eurasia Center reports. South Africa remains a key pillar in BRICS. The Conference was held at The African Union Representational Mission to the United States (Africa House) in D.C. 

Diplomatic Times  /    Moderator Charles Sills, Senior Adviser, The Eurasia Center/EBC gives welcome address, explaining the global importance of the BRICS May 15, 2019 Washington D.C. 

Photo by Diplomatic Times /   BRICS Conference panel discussion.  Left, Arunish Chawla, Economic Affairs, Embassy of India, (center) Moderator, Earl Rasmussen, Executive Vice President, Eurasia Center/EBC. (Right) Malose Letsoalo, Minister, Economic & Commercial Section, Embassy of South Africa at The Africa House, Washington D.C. May 15, 2019. 

Photo Credit: Diplomatic Times /  Mikhail Kalugin, Minister of Foreign Affairs of the Russian Federation, Head of the  BRICS Office at Conference Washington D.C.  May 15, 2019. 

Diplomatic Times /     Mikhail Kalugin, Minister of Foreign Affairs of the Russian Federation, Head of the  BRICS Office at Conference Washington D.C.  May 15, 2019. 

India’s Economy Has now Become the World’s Fastest Growing Economy

Diplomatic Times /  Arunish Chawla, Minister, Economic Affairs, Embassy of India at Conference Washington D.C.  May 15, 2019. 

South Africa Remains a Key Pillar in BRICS Economic Growth 

Diplomatic Times /     Malose Letsoalo, Minister, Economic & Commercial  Section, Embassy of South Africa, during panel discussion, Expanding Market Share & Trade Development with the BRICS at The Africa House D.C. May 15, 2019