MoU between BRICS Nations on Sports and Physical Culture approved

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved a Memorandum of Understanding (MoU) on Cooperation in the field of Physical Culture and Sport signed between the BRICS Countries on November 25, 2020.

What is the significance of the MoU?

• Cooperation in the field of sports between the five countries of BRICS grouping would help to expand the knowledge and expertise in various fields such as sports science, coaching techniques and sports medicine.
• This would help in improving the performance of sportspersons in international tournaments.
• The cooperation would also strengthen the bilateral relations with BRICS member countries.
• Benefits from the cooperation would be equally applicable to all sportspersons from the member countries. Benefits can be availed by each of them irrespective what caste, creed, region, religion or gender they belong to.

About BRICS

BRICS is the group of five major emerging countries namely, Brazil, Russia, India, China and South Africa. BRICS does not form any organization. It is simply an annual summit between the supreme leaders of five nations forming the group. The Chairmanship for the forum is rotated annually in series of the BRICS.

Significance of the BRICS

These five countries together represent 42 percent of the population. These five economies accounts for the 23 percent of world GDP. By area, they cover 30 percent of the territory. Lastly, they accounts for 18 percent of the global trade.

BRICS Forum

It is an independent international organization. The organization encourages the commercial, political and cultural cooperation among the BRICS nations. The forum was set up in the year 2011.