BRICS Summit Welcomes New Members: Iran, Argentina, Egypt, Ethiopia, Saudi Arabia, and United Arab Emirates for 2024 Expansion

2023-08-24 08:10:01

The BRICS (Brazil, Russia, India, China, South Africa), meeting at the summit in Johannesburg, welcome six new member countries, South African President Cyril Ramaphosa announced on Thursday.

See also Brics summit: how long will we still be essential?

Iran, Argentina, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates join, as of January 1, 2024, the group of emerging countries that want to gain influence on the world.

“The membership will take effect from January 1, 2024,” South African President Cyril Ramaphosa told a joint press conference of the leaders of the five nations that currently make up the bloc.

The day before, Pretoria had announced that all the member countries had agreed on the principle of an expansion.

“We have adopted a document which defines the guidelines, principles and review processes for countries wishing to become members of the BRICS”, welcomed the South African Minister of Foreign Affairs, Naledi Pandor, underlining a step forward ” positive”.

Some forty countries had applied for membership or expressed an interest. According to the leaders of the “club of five”, which produces a quarter of the world’s wealth and brings together 42% of the world’s population, this enthusiasm shows the growing influence of emerging countries on the world stage.

Negotiations

The question of the expansion of the group was the priority of this 15th summit which opened on Tuesday. A heterogeneous alliance of geographically distant countries and economies with uneven growth, the Brics had to agree on the strategic choice of new entrants.

The negotiations took place during a plenary session held behind closed doors on Wednesday. Bilateral meetings have also multiplied since the opening of the summit.

China, a heavyweight accounting for around 70% of the group’s GDP, was clearly in favor of expansion. But India, another economic engine of the group which is wary of the ambitions of its Chinese regional rival, had reservations.

Indian Prime Minister Narendra Modi recalled that a “consensus” on the terms should be found. The decision-making process within the BRICS indeed requires unanimity.

Brazil also feared that an expansion would “dilute” its influence globally and within the bloc, observers said. The BRICS reaffirmed their “non-aligned” position at the summit, at a time when divisions have been accentuated by the conflict in Ukraine.

1692866481
#BRICS #member #countries

Leave a Replay