After the recent expansion… Al-Monitor: “BRICS” aspires to act as an equivalent to the West and an alternative to the world order
An American report said that the influence of the BRICS group is increasing after the recent expansion, and the bloc is looking to act as a counterweight to the West and an alternative to the global system.
And the American Al-Monitor website said, Saudi Arabia, Iran, Egypt, the United Arab Emirates, Ethiopia and Argentina were invited to join the BRICS group that includes major developing countries, as the influence of the bloc that is seen as an alternative to the Western world order grows.
List of BRICS members
The BRICS currently groups Brazil, Russia, India, China and South Africa, which is hosting the bloc’s summit in Johannesburg this week. The bloc already accounts for about 40 percent of the world’s population and a quarter of global gross domestic product.
South African President Cyril Ramaphosa announced the new members on Thursday, the last day of the summit, noting, “BRICS is a diverse group of nations.
“As the five BRICS members, we have reached an agreement on the guidelines, standards, standards and procedures for the BRICS enlargement process,” Ramaphosa added before announcing the new countries.
Chinese President: Expansion is a new starting point for the rally
Chinese President Xi Jinping called the expansion “historic,” adding, “The expansion is also a new starting point for BRICS cooperation, and it will bring new strength to the BRICS cooperation mechanism and further enhance the strength of world peace and development.”
Indian Prime Minister Narendra Modi wrote on the X app: “India has always supported the expansion of BRICS. India has always believed that adding new members will strengthen BRICS as an organization, and the new members will officially join the group on January 1, 2024.”
The BRICS summit began last Tuesday, with political leaders from four of the five member states attending. Russian President Vladimir Putin did not attend due to an arrest warrant issued by the International Criminal Court for his role in the Ukraine war. Foreign Minister Sergey Lavrov attended the summit instead.
Since the formation of the BRICS in 2010, the economic performance of the members has been mixed. Most of the steady growth has been caused by China and India. Russia has also in recent years been hit by sanctions and Brazil and South Africa have experienced political instability, which has hampered their economies.