BRICS adds more members

[Yommie]

https://twitter.com/x/status/1741870203275772347

 

[truthseer]

Very "powerful" indeed. Considering it has done absolutely nothing of consequence so far, and the only reason for calling it strong is China + India's combined economy size, and not something the BRICS block has done

 

[Yommie]

Very "powerful" indeed. Considering it has done absolutely nothing of consequence so far, and the only reason for calling it strong is China + India's combined economy size, and not something the BRICS block has done

China is the head of this bloc.

 

[truthseer]

China is the head of this bloc.

Again, I am not talking about who did what. Or how powerful China is, which I acknowledge. What has BRICS as a group done? Has it made internal trade easier? Has it helped resolve conflict? Has it created an alternative currency like EU did?

 

[Yommie]

Again, I am not talking about who did what. Or how powerful China is, which I acknowledge. What has BRICS as a group done? Has it made internal trade easier? Has it helped resolve conflict? Has it created an alternative currency like EU did?

Give it a couple of decades and you shall see.

 

[r3alist]

Give it a couple of decades and you shall see.

Exactly, the more that join the more they can achieve.

 

[Dalit]

https://twitter.com/x/status/1741870203275772347

So much happening and it isn't in the best interest of the West.

 

[Dalit]

Again, I am not talking about who did what. Or how powerful China is, which I acknowledge. What has BRICS as a group done? Has it made internal trade easier? Has it helped resolve conflict? Has it created an alternative currency like EU did?

Don't get angry. Give it time and you will see what is possible.

 

[truthseer]

Don't get angry. Give it time and you will see what is possible.

I am not angry, it's just to call it powerful is misleading. Neither are all countries in the BRICS block allies, nor have they actually done anything. It is similar to saying the powerful OPEC block when they don't actually agree on anything or do anything major. Actually, what am I saying, even OPEC does more.

Found the perfect example, perhaps, this is like Arab League. Do nothing

 

[Dalit]

I am not angry, it's just to call it powerful is misleading. Neither are all countries in the BRICS block allies, nor have they actually done anything. It is similar to saying the powerful OPEC block when they don't actually agree on anything or do anything major. Actually, what am I saying, even OPEC does more.

Found the perfect example, perhaps, this is like Arab League. Do nothing

We will see.

 

[ety]

Looks like Pakistan is next on line to join, unless India the spoiler of the group has something to say.

 

[Chandragupt Maurya]

Looks like Pakistan is next on line to join, unless India the spoiler of the group has something to say.

The recent countries that joined the group are associate members, not permanent ones. Brazil, Russia, India, China, and South Africa hold the status of permanent members. To acquire associate membership, there's a fee of 20 billion USD. Can Pakistan afford to pay that amount?

 

[Yommie]

I am not angry, it's just to call it powerful is misleading. Neither are all countries in the BRICS block allies, nor have they actually done anything. It is similar to saying the powerful OPEC block when they don't actually agree on anything or do anything major. Actually, what am I saying, even OPEC does more.

Found the perfect example, perhaps, this is like Arab League. Do nothing

Countries of BRICS respect one another. There is no master slave relation like between the US and European countries.

 

[ety]

To acquire associate membership, there's a fee of 20 billion USD. Can Pakistan afford to pay that amount?

Who said so ? How can Ethiopia afford to be a member then ? Pakistan has already officially applied for BRICS membership.

 

[ST1976]

Iran joins BRICS group formally in 2024​

At the recent BRICS meeting, which took place in Durban, South Africa, early in December, Sooklal underlined —referring to the attendance of high-ranking representatives of Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Ethiopia— that the number of BRICS members will double with the addition of these nations.

He went on to add that the next conference of the economic group is scheduled for January 30 in Moscow, and it is expected that representatives of the new BRICS members will be there.

In a recent interview with Sputnik, Iran's Deputy Foreign Minister for Political Affairs, Ali Bagheri Kani, emphasized Iran's commitment, alongside other BRICS members, to actively pursue de-dollarization across various economic sectors.

Bagheri Kani highlighted the focus on trade, economic collaborations, and financial exchanges within this influential coalition of major economies.

He emphasized ongoing initiatives and expressed optimism about reinforcing these efforts to swiftly achieve their objectives.

Bagheri Kani underscored the importance of collaborative efforts, signaling a unified commitment within BRICS to reducing dependency on the dollar.

He clarified that the initiatives aim to establish a framework fostering economic autonomy and resilience among member nations.

The BRICS group, comprised of Brazil, Russia, India, China, and South Africa, established in 2009, has emerged as a significant force shaping global economic discussions.

Iran, alongside Argentina, Egypt, Ethiopia, the UAE, and Saudi Arabia, has received an invitation to join this influential bloc. Their anticipated full membership, official from January 1, 2024, marks a substantial shift in the geopolitical landscape.

Russia's Deputy Foreign Minister, Sergey Ryabkov, provided insights into BRICS countries accelerating the transition to national currencies.

This strategic shift aligns with the shared vision of establishing a more balanced and resilient global economic framework, reducing vulnerabilities associated with a singular currency.

BRICS has announced plans to introduce a gold-backed currency for settling international trade payments, challenging the global reserve status of the U.S. dollar. This decision adds momentum to the ongoing de-dollarization trend unfolding in the global economy.

Iran's active involvement in the BRICS initiative toward de-dollarization aligns with a broader trend among influential nations reshaping the global economic landscape. As BRICS evolves, its concerted efforts toward economic autonomy become increasingly significant in shaping the future of international trade and finance.

https://www.tehrantimes.com/news/493180/Iran-joins-BRICS-group-formally-in-2024