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August 25, 2023 at 6:08 pm

BRICS Expansion: UAE, Saudi Arabia, Iran, Argentina, Egypt, Ethiopia Among New Members…

BRICS
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by Singh Rahul Sunilkumar at Hindustan Times

BRICS, a group of emerging economies, has admitted six new countries, expanding its strength to 11.

BRICS leaders announced on Thursday the admission of six new countries, thus elevating the strength of the five-nation economic grouping to 11.

Expansion of BRICS membership was on the top of the agenda for the summit being hosted this week by South Africa.(Bloomberg)
Expansion of BRICS membership was on the top of the agenda for the summit being hosted this week by South Africa.(Bloomberg)

During a three-day summit held in Johannesburg, South Africa, the BRICS nations forged a broad consensus to extend invitations to six countries – Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates. This move aims to bolster the influence of a coalition that is advocating for the interests of the “Global South.”

Latest list of BRICS nations:

Countries Joining Year
1. Brazil 2006
2. Russia 2006
3. India 2006
4. China 2006
5. South Africa 2010
6. Argentina 2023
7. Egypt 2023
8. Iran 2023
9. Saudi Arabia 2023
10. Ethiopia 2023
11. United Arab Emirates 2023

What is BRICS?

The leaders of BRIC (Brazil, Russia, India, and China) nations convened for the first time in St. Petersburg, Russia during the G8 Outreach Summit in July 2006. Following this gathering, the group was formalised as BRIC during the inaugural BRIC Foreign Ministers’ Meeting in September 2006, occurring on the fringes of the UN Assembly’s General Debate in New York City.

The BRIC group’s nomenclature transitioned to BRICS (Brazil, Russia, India, China, and South Africa) upon South Africa’s full membership acceptance at the BRIC Foreign Ministers’ meeting in New York in September 2010…

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