All Exams Test series for 1 year @ ₹349 only
Question

The 'Fortaleza Declaration', recently in the news, is related to the affairs of

The correct answer is

BRICS

Understanding the Fortaleza Declaration and its Affiliation

The question asks about the 'Fortaleza Declaration' and which international body it is associated with. This declaration is an important document in the context of international relations and economic cooperation.

The Fortaleza Declaration was the outcome document of a major summit involving several prominent developing and emerging economies.

Context of the Fortaleza Declaration

The Fortaleza Declaration was adopted at the 6th BRICS summit. This summit was held on July 15, 2014, in the city of Fortaleza, Brazil. The declaration covered various aspects of global economic and political issues, reflecting the collective stance and future plans of the member countries.

Key outcomes announced during this summit and reflected in the declaration included:

  • The decision to establish the New Development Bank (NDB), formerly referred to as the BRICS Development Bank.
  • The agreement to set up a Contingent Reserve Arrangement (CRA) among BRICS countries.
  • Discussions on global governance, international security, and socio-economic issues.

Therefore, the Fortaleza Declaration is directly related to the affairs of the BRICS group.

Eliminating Other Options

  • ASEAN (Association of Southeast Asian Nations): ASEAN is a regional intergovernmental organization comprising ten countries in Southeast Asia. While important, the Fortaleza Declaration pertains specifically to the BRICS summit and its outcomes, not ASEAN affairs.
  • OECD (Organisation for Economic Co-operation and Development): The OECD is an intergovernmental economic organization with 38 member countries, founded to stimulate economic progress and world trade. The Fortaleza Declaration is not an OECD document.
  • WTO (World Trade Organization): The WTO is an intergovernmental organization that regulates and facilitates international trade between nations. The Fortaleza Declaration, while touching upon global economic matters, is not a WTO declaration or related directly to its specific trade negotiation agenda.

Based on the historical context and the contents of the declaration, it is clear that the Fortaleza Declaration is associated with the BRICS group.

Declaration/Document Associated Body Key Event/Context
Fortaleza Declaration BRICS 6th BRICS Summit (July 2014, Fortaleza, Brazil)

Revision Table: Key Declarations and Groups

Declaration/Agreement Associated Group/Body
Fortaleza Declaration BRICS
Bali Declaration ASEAN
Marrakesh Agreement WTO

Additional Information: About BRICS

BRICS is an acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. Originally, the first four countries were grouped as "BRIC" in 2001 by Goldman Sachs economist Jim O'Neill. South Africa joined the group in 2010, leading to the acronym BRICS. The group holds annual summits, with the location rotating among the member countries. These summits discuss cooperation across various sectors, including economy, trade, security, and socio-cultural aspects. The establishment of the New Development Bank and the Contingent Reserve Arrangement are significant achievements aimed at providing financial resources and stability for member countries and potentially other developing nations.

Was this answer helpful?

Important Questions from World Organisations

  1. Which one of the following nations is not a permanent member of G7?

  2. ‘Belt and Road Initiative’ is a foreign policy initiative of

  3. Which among the following statements regarding the election of non-permanent members to the United Nations Security Council is/are correct?

    1. Five members coming from Africa and Asia, one from Eastern Europe, two from Latin America and two from Western Europe and other states

    2. Six members are elected each year by the General Assembly for two year term

    Select the correct answer using the code given below:

  4. Which of the following nations is NOT a part of the Quad Group?

  5. Which of the following organizations releases the Global Innovation Index?

Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App