The signing ceremony took place at the Great Hall of the People in Beijing as part of Russian President Vladimir Putin's state visit to China, his first foreign trip since the inauguration.
The expert panel's agenda is expected to include discussions by senior economists, political scientists and international relations specialists from 10 countries – Brazil, Russia, India, China, South Africa, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia – aimed at resolving the issues that BRICS has been facing and exchanging views on BRICS' role in the modern system of international relations.
The 2024 SPIEF will take place from June 5-8 in the Russian city of St. Petersburg.