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Two countries apply to join BRICS

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Iran and Argentina see potential in Brazil-Russia-India-China-South Africa bloc.

The Islamic Republic of Iran has officially submitted its application to join the group of five leading economies made up of Brazil, Russia, India, China, and South Africa, the foreign ministry in Tehran announced on Monday. The move comes after the Iranian president addressed the BRICS summit last week.

While BRICS is not a treaty bloc, it has a “very creative mechanism with broad aspects,” Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday, according to the Tasnim news agency. He added that Tehran has already had “a series of consultations” with BRICS about the application.

Iran’s membership would “add value” for everyone involved, said Khatibzadeh, noting that BRICS members account for up to 30% of the world’s GDP and 40% of the global population.

On Friday, Iranian President Ebrahim Raisi addressed the BRICS virtual summit hosted by China, and expressed Tehran’s readiness to share its capabilities and potentials with the group.

Argentina has also applied to join BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that could represent the alternative to ostensibly private institutions run by – and in the interest of – the West.

During the session on Wednesday, Russian President Vladimir Putin said that the five-member group was working on setting up a new global reserve currency “based on a basket of currencies of our countries.”

Source:RT News

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2 COMMENTS

  1. Both countries have lots of resources. For example, Iran has much more oil than Saudi Arabia and can last well ove 100 more years than what SA can deliver. EU is eyeing on both countries but the Americans didnt let close relationships. China has been offering mutually beneficial tradith both. So it is natural for these countries to join BRICS. If New Zealand moves more towards US and engage in unncessary poking, China will easily replace us with Argentina.

  2. The NZ Parliament needs to be dissolved, new snap el-ections called, and a petition to join the BRICS as a Neutral Nation away from the Zionist Banksters enacted.
    NZ has NO business joining a disaffected and dysfunctional NATO which has no mission in the Pacific.
    Recall NZ Forces out of Europe ASAP!

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