Leaders of the emerging economies group, BRICS, have agreed to adopt mechanisms for new intakes, paving the way for dozens of interested nations to join the group.
The leaders, at the 15th Summit of the group at the Sandton Convention Centre in Sandton, Johannesburg, which began on Tuesday, said they “have agreed on the matter of expansion.”
The main topic on the agenda for the Johannesburg meeting is expanding BRICS. Although all of the BRICS nations had officially stated their support for the bloc’s expansion, there had been disagreements among the presidents on how quickly and by how much.
The BRICS nations of Brazil, Russia, India, China, and South Africa might benefit from the membership expansion, particularly when Beijing and Moscow are working to turn the BRICS into a solid alternative to the West due to geopolitical polarization.
South Africa’s foreign minister, Naledi Pandor, confirmed the position following a meeting by BRICS leaders at the three-day summit.
“We have a document that we’ve adopted which sets out guidelines and principles, processes for considering countries that wish to become members of BRICS…That’s very positive,” Pandor said.
The minister only stated that the leaders of the bloc would make a declaration regarding expansion before the summit ended on Thursday. She did not provide specifics regarding the framework or criteria for accepting applicants.
South Africa is the only African state in the group, although some more African countries have expressed interest in joining BRICS. Algeria, Egypt and Ethiopia are some of the interested countries in Africa.