Ending all speculations of increasing the BRICS group, six nations have been formally invited to hitch the group in the course of the summit assembly in South Africa. The growth of BRICS, a gaggle of Brazil, Russia, India, China and South Africa, was the highest agenda on the three-day summit in Johannesburg.
The six nations invited to hitch BRICS as full members within the first section of growth are Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE. The membership will come into impact from the primary of January 2024.
This was introduced by South Africa’s President Cyril Ramaphosa at a joint press convention after the summit assembly. “As five BRICS countries, we have reached an agreement on the guiding principles, standards, criteria, and procedures on the BRICS expansion process which has been in discussion for quite a while,” Ramaphosa instructed a joint media briefing.
“We have consensus on the first phase of this expansion process and other phases will follow,” he added whereas issuing the Johannesburg Declaration of fifteenth BRICS Summit.
#BRICSza | H.E. President Ramaphosa . Johannesburg II Declaration adopted . The XV Summit has adopted guiding ideas on the BRICS EXPANSION.Following nations invited to hitch .
Argentina
Egypt
Ethiopia
Iran
Saudi Arabia
UAE
To take impact from the first of January 2024 pic.twitter.com/OOa9uqCXqs
— BRICSza (@BRICSza) August 24, 2023
With this growth, six of the world’s 9 largest oil producers are actually a part of BRICS.
Indian Prime Minister Narendra Modi congratulated President Cyril Ramaphosa for the profitable summit and mentioned that India has all the time absolutely supported the growth of BRICS membership.
“India has always believed that the addition of new members will further strengthen BRICS as an organisation and it will give our shared efforts a new impetus. This will also strengthen the belief of many countries in the multipolar world order,” PM Modi mentioned.
He mentioned that there have many constructive outcomes on the fifteenth summit meet of the BRICS. PM Modi mentioned that he’s completely happy that the groups arrived at a consensus on the guiding ideas, standers, standards and process of the growth. And based mostly on this, at present we’ve agreed to ask Argentina, Egypt, Iran, Saudi Arabia, Ethiopia and UAE to hitch the BRICS.
PM Modi hoped that with the inclusion of the brand new members, BRICS will have the ability to infuse new momentum and new vitality into the bloc’s cooperation. He famous that India has had very deep and historic relations with the brand new BRICS members, including that new dimensions will likely be additionally added to the bilateral cooperation.
Speaking on the BRICS Summit. https://t.co/n93U4Vbher
— Narendra Modi (@narendramodi) August 24, 2023
The Indian Prime Minister added that India will work in constructing consensus for inducting different nations which have expressed curiosity in becoming a member of the bloc.
PM Modi mentioned that the growth and modernisation of the BRICS exhibits that each world organisation should adapt as per altering occasions. This is an initiative that may be an instance of reforms in different world establishments that have been established within the twentieth century,” he added, clearly referring to the rising calls for to reform and broaden the UN Security Council.
He additionally used the chance to thank all those that have congratulated India on the profitable delicate touchdown of the Chandrayaan-3 mission on the moon yesterday.