Six counties will join BRICS, of which four are Middle Easte. With BRICS expanding itself, is it the beginning of good times for the “Global South”?
When BRICS was initially established in 2001, little did the group know that it would turn into a geopolitical bloc from a collaboration of nations looking for investment opportunities. Not only has the group been successful in collaborating with various multilateral policies, but it has now found an opportunity to expand.
These four Middle Eastern countries will join the BRICS bandwagon with two other countries.
South African President Cyril Ramaphosa, on Thursday, announced the formal induction of six countries, four of which are Middle-Easte. The UAE, Saudi Arabia, Iran, and Egypt will formally join BRICS from January 1, 2024. Argentina and Ethiopia will also become part of the group.
Prime Minister Narendra Modi welcomed the new countries and said, “Through this step, the faith of numerous nations in a multipolar world order will become stronger.”
As I said yesterday, India has always fully supported the expansion of the membership of BRICS… I am pleased that our teams were able to build agreement on the guiding principles, standards, criteria and procedures of expansion,” he further stated.
An article published on the Mint mentions the following:
“The expansion of BRICS was billed as a point of contention between India and China. Experts speculated that China was trying to induct a number of countries which shared its Western-sceptic view of the world.
Media reports prior to the summit, which is being held in the South African city of Johannesburg, cited Chinese officials who argued that the BRICS should become a bloc to rival the G7.”
In addition to the six countries, China pushed for the inclusion of Pakistan. While India did not oppose the inclusion of the other six countries, getting Pakistan on board would create a political conundrum. According to Beijing, including Pakistan in the group would help the group expand. However, Pakistan will not be included in the group for now as it will create a multilayered complexity, too hard for the group to deal with.
The Mint article mentions the following:
“While India had not opposed the expansion of the BRICS, it did push for rules and procedures to be laid down that would govern which countries could enter the bloc. South African officials stated prior to the summit that over 20 countries had applied to join BRICS. Some rumoured names included Cuba, the Comoros, Bolivia, Algeria and Indonesia among others.”
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