2023-08-24 09:05:02
Update
August 24, 2023
11:05
Iran, Argentina, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates will join the BRICS group from January 1, 2024.
Meeting at the summit in Johannesburg, the Brics (Brazil, Russia, India, China, South Africa) announce that they will welcome six new members in January. Iran, Argentina, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates will soon join the group of emerging countries, which wants to gain influence in the world.
“Membership will take effect from 1is January 2024″, said the South African President Cyril Ramaphosa, during a joint press conference of the leaders of the five nations that currently make up the bloc. “With this summit, the Brics are starting a new chapter,” he said.
About forty interested countries
The question of the expansion of the group was the priority of this 15e summit, which opened on Tuesday. A heterogeneous alliance of geographically distant countries and unequally growing economies, the Brics had to agree on the strategic choice of new entrants.
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 populationthis enthusiasm shows the growing influence of emerging countries on the world stage.
The Chinea heavyweight accounting for approximately 70% of the group’s GDP, was clearly in favor of expansion. More indiaanother economic engine of the group, which is wary of the ambitions of its Chinese regional rival, had reservations. According to observers, Brazil also feared that an expansion would “dilute” its influence within the bloc and around the world.
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