In a significant development, the BRICS alliance has announced the inclusion of six new member countries: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). This expansion of membership is set to take effect from January 1, 2024, marking a new chapter in the organization’s mission to advance the development of the Global South.
The decision to invite these new members was made after careful consideration and consensus among the existing BRICS nations. The alliance, which originally comprised Brazil, Russia, India, China, and South Africa, has been dedicated to fostering economic and political cooperation among emerging economies.
With the inclusion of these new members, BRICS stands to further strengthen its influence on the global stage. The alliance collectively represents approximately 40% of the world’s population and contributes to a quarter of global GDP. This expansion reflects the growing recognition of BRICS as a platform for cooperation, dialogue, and collaboration among nations from diverse regions.
The decision to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE aligns with the organization’s guiding principles and underscores the collective commitment to advancing the development and prosperity of the member countries and the broader Global South.
