On Thursday, Cyril Ramaphosa, the President of South Africa announced that the club of emerging countries BRICS – Brazil, Russia, India, China, and South Africa – will admit six new members next year, including Saudi Arabia, Egypt, and Argentina.
In a Johannesburg summit, Ramaphosa said that we decided to admit the Islamic Republic of Iran, the Kingdom of Saudi Arabia, the Federal Democratic Republic of Ethiopia, the Arab Republic of Egypt, the Argentine Republic, and the United Arab Emirates to become full members of BRICS.
The membership will take mark from the first of January 2024, he added.
Calls to broaden the BRICS had overwhelmed the plan at its three-day summit and exposed sections among the bloc over the pace and measures for admitting new members.
Ramaphosa added that the group, which makes decisions by agreement, had approved “the guiding principles, criteria, standards and methods of the BRICS development procedure.
Almost 24 nations have formally applied to enter the club, which represents a quarter of the global economy. While 50 other states’ heads are attending the summit in Johannesburg.
