20 New Countries Are Preparing To Join The BRICS Alliance
In a recent interview, South African Ambassador Anil Sooklal affirmed that 20 additional countries have officially submitted applications to become members of BRICS. This development follows the inclusion of six new countries—Saudi Arabia, the UAE, Argentina, Iran, Egypt, and Ethiopia—into the alliance in August. Nevertheless, there is speculation that Argentina might be the sole country to reject the BRICS invitation and opt out of the coalition. For further insights into Argentina’s reluctance to join the BRICS alliance, you can find additional details in the provided link.
Sooklal’s remarks suggest a growing interest among several developing nations to become part of BRICS. These countries are increasingly inclined to fortify their domestic currencies by shifting away from the US dollar in international trade. Explore the provided link to understand the potential impact on various sectors in the United States if BRICS decides to cease using the dollar for trade.
BRICS: 20 New Countries Apply to Join The Alliance
The momentum behind de-dollarization is intensifying, driven by developing nations seeking to sever their reliance on the US dollar. Simultaneously, BRICS emerges as a pivotal force, offering a potential catalyst for shaping a new global order and challenging the longstanding financial dominance of the West and the United States. Consequently, the fate of the US dollar stands at a crucial juncture, poised for a potential decline in value in the years ahead as these transformative shifts unfold.
Sooklal conveyed to ANI, “More than 20 countries have formally expressed their interest in joining BRICS.” Additionally, he noted,
“An equal number of nations have informally sought information to explore the possibility of BRICS membership. This widespread interest serves as a strong affirmation that BRICS continues to play a constructive role in advocating for the developing world.”
Moreover, the Ambassador continued that BRICS will see many more rounds of expansion.
“We agreed on six members and BRICS works on consensus. President Ramaphosa said this is first phase of expansion and it doesn’t mean expansion will stop. You will have countries knocking on the door onto become BRICS members.”
Sooklal disclosed that Pakistan has formally submitted an application for BRICS membership. “Whether it’s Pakistan or any other nation, a significant number of countries have officially reached out to us,” he stated. He further explained that the consideration of these applications will be addressed by foreign ministers and leaders, guided by the principle of consensus within BRICS.
