Saudi Arabia and Iran are among six countries to join BRICS as new members next year, South African President Cyril Ramaphosa has announced, on the final day of a summit of the group that considers itself a counterweight to Western powers.
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.
Saudi Arabia and Iran are among six countries to join BRICS as new members next year, South African President Cyril Ramaphosa has announced, on the final day of a summit of the group that considers itself a counterweight to Western powers.
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.
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.
“What [BRICS is] trying to achieve in a way is being opened up for more discussion,” Danny Bradlow, a professor with the Centre for the Advancement of Scholarship at the University of Pretoria, told Al Jazeera ahead of the summit. “As long as it was just the five countries, they were talking about the reform of global economic governance or global governance generally … But they haven’t done very much about that.
“Getting agreements among the five has not been all that easy,” he said. “If they expand membership, that makes it even more complicated. But it also depends on who they take on as the new members.”
More than 40 countries had expressed interest in joining BRICS, and 23 formally applied to join the club, which already represented a quarter of the global economy and 40 percent of the world’s population.
Some 50 other heads of state and leaders are attending the summit in South Africa, which concludes on Thursday.
AL JAZEERA
