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18th BRICS Summit, India-EU FTA, Houthi Seize Perim Island: UPSC Must-Know Topics

Target:UPSC GS-IIMPSCSSC GATeachingBankingPrelims HighMains HighStatic GK Link
12 Sept 2026
~2 min
Source: Indian Express
Key Data:11 BRICS members36.8% of global GDP$1.17 trillion intra-BRICS tradeEuro 180 billion India-EU trade96% tariff elimination€4 billion annual duty savings
Bodies:BRICSEuropean UnionEuropean CommissionEuropean CouncilHouthi movementUS Federal ReserveWorld Trade OrganizationInternational Monetary FundWorld Bank
Practice MCQs from today's news ▸
What This Article Covers

1.BRICS expands to 11 members; India hosts summit amid Russia-Ukraine and West Asia crises.

2.India-EU FTA proposes eliminating tariffs on 96% of EU goods exports to India, saving ~€4 billion/year.

3.Houthi seizure of Perim Island (Bab el-Mandeb) threatens global shipping and energy routes.

The Big Picture
Prelims · HighMains · High

The 18th BRICS Summit in Delhi brings together 11 nations representing 36.8% of global GDP, with India balancing ties between West and East. Meanwhile, India-EU FTA nears completion (96% tariff elimination), and Houthi capture of Perim Island threatens Bab el-Mandeb chokepoint. Exam angles: BRICS dynamics, India's strategic autonomy, maritime security, and trade pacts.

Exam Lens

Quick Exam Facts From News

BRICS GDP share (PPP 2024)36.8%
G7 GDP share (PPP 2024)<29%
Intra-BRICS trade (2024)$1.17 trillion
India-EU annual trade€180 billion
Tariff reduction on EU goods96%
Annual duty savings for EU~€4 billion
Oil & petroleum through Bab el-Mandeb (2024)4.1 billion barrels
Strait of Hormuz - India's LPG imports90%

1-Minute Revision

  • ›BRICS GDP share (PPP 2024): 36.8%
  • ›G7 GDP share (PPP 2024): <29%
  • ›Target this Data: 11 BRICS members, 36.8% global GDP share, 96% tariff elimination under India-EU FTA
  • ›Target this Nodal Body: BRICS (no permanent secretariat; rotating presidency), European Commission (proposes EU legislation)
  • ›Target this Legal Point: UNCLOS provisions on freedom of navigation; WTO rules on unilateral tariffs

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which of the following countries is NOT a member of BRICS as of 2026?

Q2Statement-basedHard

Consider the following statements regarding the India-EU Free Trade Agreement:

1. The European Commission has forwarded the FTA proposal to the European Council for approval.

2. The deal will eliminate tariffs on 96% of Indian goods exports to the EU.

3. The agreement requires consent from the European Parliament before it enters into force.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what percentage of global trade normally passes through the Bab el-Mandeb Strait?

Q4Application/ImpactMedium

What is the primary strategic concern for India arising from the Houthi capture of Perim Island?

All 15 MCQs ▸
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