New Delhi, Aug 24 (IANS) The BRICS grouping on Thursday announced that six nations -- Egypt, Ethiopia, Iran, Argentina, the UAE and Saudi Arabia -- will be included as full time members.South Africa president Cyril Ramaphosa announced this at the BRICS summit.
The membership will be effective from January 1, 2024.
"We have consensus on the first phase of this BRICS expansion process," Ramaphosa told reporters in Johannesburg.
These six nations will join Brazil, Russia, India, China and South Africa.
Speaking immediately after Ramaphosa's announcement, Prime Minister Narendra Modi, who is in Johannesburg to attend the BRICS Summit, welcomed all six nations and vowed to work with the other nations to continue adding nations that express interest in joining.
"I take this opportunity to welcome these six nations to BRICS... and I congratulate the leaders and people of these nations. India has close ties, historic ties, with each of these countries and I believe we will work together for a new era of cooperation and prosperity," PM Modi said.
"On the occasion of the 15th anniversary of BRICS, we have taken the decision to expand this forum. India has always fully supported this expansion. Such an expansion will make BRICS stronger and more effective. In that spirit, India welcomes Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE into the BRICS family," he later said on X (earlier Twitter).
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.