South African President Cyril Ramaphosa has declared that Saudi Arabia and Iran will be among the six nations welcomed as new members of BRICS next year.
The group encompassing five major emerging economies – China, Brazil, South Africa, Russia, and India – which makes decisions by consensus, agreed on “the guiding principles, standards, criteria and procedures of the BRICS expansion process”, during the three-day annual summit held in Johannesburg this week, Ramaphosa said on Thursday.
As part of the first phase, Argentina, Egypt, Ethiopia and the United Arab Emirates will join Saudi Arabia and Iran to become full BRICS members in January 2024. Other phases will follow.
“This membership expansion is historic,” said Chinese President Xi Jinping.
“The expansion is also a new starting point for BRICS cooperation. It will bring new vigour to the BRICS cooperation mechanism and further strengthen the force for world peace and development.”
A senior adviser to Iran’s president on Thursday welcomed the country’s admission to the grouping.
“Permanent membership in the group of global emerging economies is considered a historic development and a strategic success for the foreign policy of the Islamic republic,” Mohammad Jamshidi wrote on X, which was previously known as Twitter.
Ethiopian Prime Minister Abiy Ahmed hailed what he called “a great moment” for his country.
“Ethiopia stands ready to cooperate with all for an inclusive and prosperous global order,” Abiy said on Twitter.
The core group of five BRICS countries has been discussing the issue of expansion for more than a year, Ramaphosa said, and the new members were invited this week after an agreement was reached at the summit.
The expansion of the group is part of its plan to build dominance and reshape global governance into a “multipolar” world order that puts voices of the Global South at the center of the world agenda.
The inclusion of Saudi Arabia, the UAE, Iran and Egypt marks the first MENA representation in the group, and the inclusion of Argentina was championed by member Brazil.
Expansion was pushed heavily by Russia and China, analysts said, as they are facing pushback from Western nations in the form of sanctions.
Other BRICS countries were initially more ambivalent, but leaders came out in vocal support of the plan this week.
The grouping of emerging economies has been in formal existence for 15 years. Some experts told Al Jazeera that it has not achieved much and the diffuse nature of their political and social interests means BRICS leaders do not always agree on issues. Some say that has prevented them from becoming a more powerful or effective entity.
Source: OccupyGh.com
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