On the morning of October 23, 2024 local time, the 16th BRICS Summit was held at the Kazan Expo International Exhibition Centre. Russian President Vladimir Putin chaired the event. Chinese President Xi Jinping, Brazilian President Luiz Inácio Lula da Silva (online), Egyptian President Abdel Fattah El-Sisi, Ethiopian Prime Minister Abiy Ahmed Ali, Indian Prime Minister Narendra Modi, Iranian President Masoud Pezeshkian, South African President Matamela Cyril Ramaphosa and President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, among others, were present.

Xi Jinping welcomed new members to join the BRICS family and invited several countries to be BRICS partner countries. Xi Jinping pointed out that the enlargement of BRICS is a major milestone in its history, and a landmark event in the evolution of the international situation. He said, "It is for our shared pursuit and for the overarching trend of peace and development that we BRICS countries have come together." Currently, the world is experiencing an accelerated evolution of changes unseen in a century, featuring both a new multipolar landscape and the risks of a "new Cold War". BRICS countries should seize the historical opportunity, demonstrate historical initiative, and remain committed to the original aspiration and mission of openness, inclusiveness and win-win cooperation. BRICS countries should conform to the general trend of the rise of the Global South, seek common ground while reserving differences, and work with one heart and one mind to further consolidate the shared values, safeguard common interests, and strengthen BRICS through unity. BRICS countries must work together to build BRICS into a primary channel for strengthening solidarity and cooperation among Global South nations and a vanguard for advancing global governance reform.