Five More Arab States Keen on Joining BRICS Bloc: Report
TEHRAN (Tasnim) – The BRICS group of emerging economies including Brazil, Russia, India, China and South Africa invited three Arab countries to join the bloc in August this year during the 15th summit in Johannesburg.
The three Arab countries inducted into BRICS are Saudi Arabia, the UAE, and Egypt. The other three countries invited to BRICS are Iran, Ethiopia, and Argentina.
However, Argentina is the first country to reject BRICS membership as the newly elected president Javier Milei did not wish to be a part of the alliance.
Moreover, BRICS is looking to cut ties with the US dollar and mitigate its global supremacy, coinmarketcap.com reported.
On the heels of the expansion, five more Arab countries are now looking to join the BRICS alliance. Arab countries are looking to cut their dependency on the US dollar and promote their local currencies for global trade. The five new Arab countries that have expressed interest in joining the BRICS alliance are Algeria, Bahrain, Kuwait, Morocco, and Palestine, the report added.
Apart from these five Arab countries, 20 other nations are willing to join the BRICS alliance, confirmed South African Ambassador Anil Sooklal.
Over 20countries formally approached BRICS to become members. The countries that are interested in joining the BRICS alliance include Pakistan and Nigeria, among others.
Therefore, the BRICS alliance could spread its wings across the Arab world, Africa, Asia, and the global south. This puts the West and the US under pressure as a united BRICS could wreak havoc on the traditional markets.
