The 15th BRICS Summit has decided to bring in Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members.The full membership of new countries in BRICS will begin on January 1 2024, South African President Cyril Ramaphosa

The 15th BRICS Summit has decided to bring in Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members.

The full membership of new countries in BRICS will begin on January 1 2024, South African President Cyril Ramaphosa said on Thursday.

  • @demonquark@lemmy.ml
    -55•11 months ago

    Yeah… BRICS is going nowhere. They’re geographically dispersed, economically not integrated (nor are they moving towards that), and ideologically all over the place.

    This entire endeavour is just a really expensive way of saying that there are countries in the global south don’t like the current western led world order.

    • Absolute
      39•11 months ago

      How could you say they aren’t moving towards economic integration when bilateral trade between member nations has increased significantly in the past decade ? That’s not even to mention the increasing amount of trade being settled in local currencies and the creation of the NDB in 2014.

      Sounds like you might not know what you’re talking about but idk

    • FreakingSpy [he/him]English
      34•11 months ago

      Brazil and China signed an accord 4 months ago to start using reais and yuan for trade instead of the US dollar. Two days ago Lula said his government is studying the possibility of using yuan to trade with Argentina.

      • DankZedong
        20•11 months ago

        No man I’m sure the lad has thought about this better than economists, diplomats and planners of the world’s biggest economies. They are doomed fr.