Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates were unanimously allowed to join the group. Read more at straitstimes.com.
BEIJING - The Brics bloc of emerging economies will admit six new members in 2024 in a bid to expand the group’s international influence and offer an alternative to Western-led global institutions.
Calling the expansion “historic”, Chinese President Xi Jinping said the move showed the determination of Brics countries to cooperate with other developing countries. Professor Zhu Feng, who specialises in international relations at Nanjing University, said the Brics expansion is an attempt to form a bloc centred on developing countries.
Assistant Professor Amrita Jash from the Manipal Academy of Higher Education in India believes Brics has succeeded in representing itself as a grouping of the Global South. “In this regard, the expansion further testifies to this logic,” she said. The current Brics members represent more than 40 per cent of the world’s population and contribute a quarter of global GDP. In 2022, their combined GDP exceeded that of the G-7, although all of them still trail the G-7 countries in terms of GDP per capita.
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Iran, Saudi Arabia and Egypt among 6 nations set to join BRICS economic blocJOHANNESBURG: BRICS leaders announced on Thursday (Aug 24) the admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order. The BRICS countries - Brazil, Russia, India, China and South Africa - agreed at their annual summit to ma
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China's Xi tells Brics summit that Chinese economy is resilientThe fundamentals for China's long-term growth remained unchanged, said Mr Xi. Read more at straitstimes.com.
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China's Xi tells BRICS summit that Chinese economy is resilientChina's leader Xi Jinping told the BRICS group on Tuesday (Aug 22) that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for
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