BRICS Bloc to Benefit From Inducting New Members

BRICS Bloc to Benefit From Inducting New Members

BRICS, the group consisting of Brazil, Russia, India, China, and South Africa, is considering the induction of new members like the United Arab Emirates (UAE) and Saudi Arabia. According to Mohamed Badine El Yattioui, an academic and political science expert, this expansion could allow BRICS to exert pressure on Western countries to recognize changes in the international system. Here are the key points regarding this topic:

1. Importance of BRICS: BRICS has been growing in influence over the past decade and its role has increased significantly.
2. UAE’s interest in BRICS: The UAE sees joining BRICS as important, as it would provide an opportunity to push for changes in international trade, political economy, currency, and reduce dependence on the US dollar.
3. Saudi Arabia and the UAE’s potential contributions: Both countries have strong economies and high GDP, offering potential benefits to BRICS, particularly in terms of energy.
4. Expansion discussions: The topic of expansion was discussed by BRICS foreign ministers, and the upcoming summit in Johannesburg will address this issue.
5. Applications for membership: A total of 23 nations have submitted formal applications for BRICS membership, and discussions will be held to address nuances and opposition to rapid enlargement.

In conclusion, the potential induction of new members like the UAE and Saudi Arabia could strengthen BRICS and allow the group to challenge Western countries on international relations. The upcoming BRICS summit will provide a platform for discussing expansion and addressing any concerns among current members.

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BRICS Bloc to Benefit From Inducting New Members