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Greater BRICS Cooperation: What to Expect at the 17th Rio Summit

From July 6 to 7, Rio de Janeiro will host the 17th BRICS Summit, marking a turning point: the bloc has just completed its historic expansion. What started as an emerging-market coalition is now redefining global cooperation under the banner of 'Greater BRICS'. But what fuels this new momentum, and why should globally minded readers care?

Origins and Evolution
Born in 2006, BRIC united four fast-growing economies. South Africa joined in 2010, formalizing BRICS. This year, the group swings open its doors to a wave of new members, boosting representation across Asia, Africa, and Latin America.

Driving Forces
Amid trade tensions and economic headwinds from U.S. tariffs, BRICS offers a shared playbook: diversify partnerships, foster sustainable development, and amplify voices of the Global South. Data forecasts suggest BRICS economies could account for nearly 30% of global GDP by 2030, underlining its rising clout.

Frameworks and Achievements
From the New Development Bank financing green infrastructure to the BRICS Pay system exploring cross-border payments, cooperation is moving beyond rhetoric. Digital currencies, renewable energy, and e-commerce top the agenda—fields where business and tech enthusiasts see fertile ground for innovation.

Future Prospects
Thought leaders like Paulo Nogueira Batista highlight how a diversified BRICS can reshape global finance, while voices from Tehran, Johannesburg, and Delhi push for more inclusive governance. Sports and entertainment fans can expect new cultural exchanges and events, and digital nomads may benefit from joint tourism initiatives and visa facilitation.

As the sun sets over Rio this July, the 17th BRICS Summit isn't just another gathering—it's a launchpad for Greater BRICS cooperation. Whether you're tracking market shifts, championing climate action, or hunting new adventures, the expanded bloc is poised to leave its mark on the 21st century.

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