BRIC, Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development BRICS, Brazil, Russia, India, China and South Africa, leading developing or newly industrialized countries, and are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs CARICOM CARIFTA, Caribbean Free Trade Association CIVETS, six emerging markets countries, Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa, a diverse and dynamic economy and a young, growing population Comecon, formally the Council of Mutual Economic Assistance, consisted of socialist economies within the Communist world: the Soviet Union, Bulgaria, Cuba, Czechoslovakia, East Germany, Hungary, Mongolia, Poland, Romania and Vietnam.