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Europe

BRICS leaders discuss how to shape global trade, finance

Associated Press
Published | Updated
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    Leaders of BRICS countries, from left, Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, and South African President Jacob Zuma raise their hand for a group photo at the start of their Summit in Goa, India, Sunday, Oct. 16, 2016. Leaders of five of the world's fast-rising powers are meeting in the southwestern Indian state of Goa for their annual summit at a time when their ability to shape the global dialogue on international politics and finance is increasingly being questioned. Brazil, Russia, India, China and South Africa, or BRICS, face the tough task of asserting their growing influence as a power group even as they bridge their own trade rivalries to help grow their economies. (AP Photo/ Anupam Nath) (The Associated Press)

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    Leaders of BRICS countries, from left, Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, and South African President Jacob Zuma raise their hand for a group photo at the start of their Summit in Goa, India, Sunday, Oct. 16, 2016. Leaders of five of the world's fast-rising powers are meeting in the southwestern Indian state of Goa for their annual summit at a time when their ability to shape the global dialogue on international politics and finance is increasingly being questioned. Brazil, Russia, India, China and South Africa, or BRICS, face the tough task of asserting their growing influence as a power group even as they bridge their own trade rivalries to help grow their economies. (AP Photo/Anupam Nath) (The Associated Press)

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    Leaders of BRICS countries, from left, Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Jacob Zuma leave after a group photo at the start of the summit in Goa, India, Sunday, Oct. 16, 2016. Leaders of five of the world's fast-rising powers are meeting in the southwestern Indian state of Goa for their annual summit at a time when their ability to shape the global dialogue on international politics and finance is increasingly being questioned. Brazil, Russia, India, China and South Africa, or BRICS, face the tough task of asserting their growing influence as a power group even as they bridge their own trade rivalries to help grow their economies. (AP Photo/Anupam Nath) (The Associated Press)

BENAULIM, India – The leaders of five of the world's fast-rising powers are meeting in the southwestern Indian state of Goa for their annual summit at a time when their ability to shape the global dialogue on international politics and finance is increasingly being questioned.

Brazil, Russia, India, China and South Africa, or BRICS, face the tough task of asserting their growing influence as a power group even as they bridge their own trade rivalries to help grow their economies.

The group represents nearly half of the world's population and a quarter of its economy at $16.6 trillion. But BRICS are battling the economic slowdown and politically each member wants the others to support its policies — Russia on Syria, China on the South China Sea and India on its fight against terrorism.