Home » World » Brics Expands: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and United Arab Emirates Joining in 2024

Brics Expands: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and United Arab Emirates Joining in 2024

The move was expected, but the scale of the enlargement is massive. The countries Brics – acronym of Brazil, Russia, India, China and South Africa – meeting Johannesburg for their fifteenth summit have decided to invite Argentina, EgyptEthiopia, Iran, Saudi Arabia ed United Arab Emirates to become group members from January 2024. The result, as explained by the Brazilian president Lula da Silvawill be that the Brics “will represent the 36% of world GDP and 47% of the population of the entire planet”. And “this first phase will be joined by another of further expansion”. A clear gauntlet to the Western powers. In sight, is the hope of Beijing and Moscow, of a “new world order” freed from Usa and by NATO. At the moment there are about 40 countries that have expressed interest in joining the BRICS.

“The BRICS are a diverse group of nations. It is a partnership equality between countries that have different points of view but one shared vision for a better world“said the South African president Cyril Ramaphosa reading the final press release. “As five BRICS countries we have reached an agreement on the guiding principles, standards, criteria and procedures of the expansion process”. In addition, the leaders “have instructed their finance ministers and central bank governors, as appropriate, to consider the matter of local currencies, payment instruments and platforms and to report to the BRICS leaders themselves at the next summit”. And so also the goal of “dedollarize” emerging economies is confirmed.

For the Chinese president Xi Jinpingwho spoke of a “historic event”, the move “represents a new chapter in the collaboration of emerging and developing countries”.- The Indian premier Narendra Modi he predicts that “this will also strengthen the confidence of many countries in the world in a multipolar world order”. The Iranian president also rejoices Ebrahim Raisi, who, leaving for the summit, defined the BRICS as “a new emerging power in the world that has managed to unite independent countries with the common goal of economic cooperation and fight against unilateralism“.

The Russian president Vladimir Putinwho participates by videoconference given that the International Criminal Court has issued a arrest warrant against him in March, in his brief speech he did not mention the crash of the jet of Yevgeny Prigozhin, head of the Wagner group: he faithfully followed the script, speaking exclusively of the expansion of the Brics group “to ensure that its influence in the world”. According to Putin, the countries of the so-called “golden billion”, i.e. those belonging to the Western system, seek to impose their rules in contrast with the system of international law “to preserve the unipolar world”: theirs is “colonialism in a new package“.

It is the second time that the BRICS have decided to expand. The block was formed in 2009 from Brazil, Russia, India and China. South Africa joined in 2010. The BRICS bloc accounts for about 40% of the world’s population and contributes over a quarter to global GDP.

2023-08-24 09:42:39
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