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BRICS announces 6 new members (news.cgtn.com)
submitted 2 years ago by to c/genzedong@lemmygrad.ml
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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.

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[+] -55 points 2 years ago (9 children)

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.

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  • [–] 38 points 2 years 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

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  • [–] 33 points 2 years 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.

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