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In December 2010,the four BRIC countries agreed to accept South Africa, the first African country,into its cooperation mechanism.At the BRICS Summit held in Sanya during April 13 and 14,South Africa became the new full member of the BRICS.The BRIC countries are estimated to account for 42% of the world’s population and 30%of the world’s trade volume,1/4 of the world’s land area and 15%of the world’s GDP.Besides, the BRICs group holds a huge amount of foreign exchange reserves and the number of multi-national companies from the BRICs is also on the rise.And now the five BRICS countries account for a global trade volume of 17%and are expected to occupy 61%of the world’s economic growth in 2014. First raised by Russia,the proposal for the admission of South Africa was nailed
In December 2010, the four BRIC countries agreed to accept South Africa, the first African country, into its cooperation mechanism. At the BRICS Summit held in Sanya during April 13 and 14, South Africa became the new full member of the BRICS. BRIC. The countries are estimated to account for 42% of the world’s population and 30% of the world’s trade volume, 1/4 of the world’s land area and 15% of the world’s GDP.Besides, the BRICs group holds a huge amount of foreign exchange reserves and the number of multi-national companies from the BRICs is also on the rise. Now in the five BRICS countries account for a global trade volume of 17% and are expected to occupy 61% of the world’s economic growth in 2014. First raised by Russia, the proposal for the admission of South Africa was nailed