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The meeting was attended by Russian President Dmitry Medvedev, Chinese President Hu Jintao, Indian Prime Minister Manmohan Singh and Brazilian President Luis Inacio Lula da Silva.

They decided that their foreign ministers will set the date for the next BRIC summit during their meeting in New York, and agreed to continue to coordinate their moves on the key economic issues, including cooperation in finance and the food problem.

Later in the day, Dmitry Medvedev held bilateral meetings with Hu Jintao and Manmohan Singh.

According to the Organisation for Economic Cooperation and Development (OECD) and other international organisations, the BRIC countries account for 8 percent of the world’s economic resources and 45 percent of its labour force. The employment level in the BRIC countries is approximately 70 percent, which is higher than in the OECD countries, and their total GDP is $15 trillion, or as much as 25 percent of global GDP.

The BRIC countries’ promising markets attract more and more investors. In 2006, Dow Jones (USA) introduced the BRIC 50 index, a blue-chip measure that includes 50 of the largest and most actively traded stocks in these countries.