Home » World » Bangladesh Applies to Join BRICS: Seeking Membership in Emerging Economies

Bangladesh Applies to Join BRICS: Seeking Membership in Emerging Economies

DHAKA, June 20 (Xinhua) — Bangladesh has formally applied to join the BRICS, an abbreviation for five emerging economies comprising Brazil, Russia, India, China, and South Africa. The application was submitted following a meeting between Bangladesh Prime Minister Sheikh Hasina and South African President Cyril Ramaphosa in the Swiss city of Geneva on June 14.

According to the Bangladeshi Dhaka Tribune, the petition was presented by Prime Minister Sheikh Hasina during the meeting. The 2023 BRICS Summit, scheduled to be held in South Africa in August, may cover discussions on recruiting new members.

The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, represents a significant economic bloc in the world. Bangladesh’s formal application to join the alliance reflects its desire to strengthen economic ties and cooperation with these emerging economies.

If Bangladesh’s application is accepted, it will become the sixth member of the BRICS alliance, potentially opening up new opportunities for trade, investment, and collaboration in various sectors. The inclusion of Bangladesh could also contribute to the alliance’s efforts in promoting economic growth, development, and stability in the region.

The decision on Bangladesh’s membership application will likely be discussed and evaluated by the existing BRICS members during the upcoming summit in South Africa.

brics summit 2023

DHAKA, June 20 (Xinhua) — In an effort to strengthen economic ties and cooperation with the emerging economies of Brazil, Russia, India, China, and South Africa (BRICS), Bangladesh has formally applied to join the alliance. The application was submitted following a meeting between Bangladesh Prime Minister Sheikh Hasina and South African President Cyril Ramaphosa in Geneva on June 14.

During the meeting, Prime Minister Sheikh Hasina presented the petition to join BRICS. The application highlights Bangladesh’s keen interest in becoming a member of this significant economic bloc in the world. If accepted, Bangladesh will become the sixth member of the alliance, opening up new opportunities for trade, investment, and collaboration across various sectors.

The inclusion of Bangladesh in BRICS could contribute to the alliance’s efforts in promoting economic growth, development, and stability in the region. Bangladesh’s participation would bring new perspectives, expertise, and potential resources to the table, enhancing the overall strength and influence of BRICS.

The decision on Bangladesh’s membership application is expected to be discussed and evaluated by the existing BRICS members during the upcoming summit in South Africa. The summit, scheduled to be held in August, will likely cover discussions on recruiting new members and further strengthening the alliance.

Overall, Bangladesh’s formal application signifies its commitment to advancing economic cooperation and establishing closer ties with the BRICS countries. If accepted, the alliance stands to gain a valuable new member that can contribute to the shared goals of economic development and stability.

2 thoughts on “Bangladesh Applies to Join BRICS: Seeking Membership in Emerging Economies”

  1. It is commendable to see Bangladesh apply for membership in BRICS, as it represents a significant step towards greater economic cooperation and development among emerging economies. This move has the potential to bring about positive changes and opportunities for both Bangladesh and the BRICS nations.

    Reply
  2. Bangladesh’s decision to apply for BRICS membership demonstrates its commitment to engaging with emerging economies and leveraging their potential. This bold move could enable Bangladesh to tap into new trade opportunities, strengthen economic ties, and contribute to the rising prominence of the group. It highlights the country’s ambition to diversify its global partnerships and boost its own development in the process.

    Reply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.