from Modern Diplomacy
The BRICS group, initially comprising Brazil, Russia, India, and China, emerged as a forum for discussion and policy cooperation among key rising market nations. Over time, it transformed into a transregional governance framework with the addition of South Africa in 2010, aiming for comprehensive goals in political, security, economic, and social aspects. The BRIC nations are projected to become the world’s most powerful economies, with their combined GDP growing significantly over the years.
The BRICS expansion policy gained momentum after the 14th Summit, with discussions on widening networks and collaboration. However, the geopolitical landscape, including Russia’s invasion of Ukraine, territorial disputes in the South China Sea, and challenges in the Indo-Pacific region, poses obstacles to the alliance’s three most powerful nations – China, India, and Russia. However, after a lull five countries Saudi Arabia, Egypt, UAE, Iran and Ethiopia have joined formally on January 1st, 2024...
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