Iran, Uruguay, Egypt, Guinea, Thailand, and a number of post-Soviet states, are often named among other potential BRICS participants, a Russian Newspaper writes.

Iran PressIran news: On Thursday, under China’s chairmanship, a two-day BRICS summit, an informal international association that includes Brazil, Russia, India, China, and South Africa, opened. The agenda of the meeting in video format includes promoting global development, discussing world problems, as well as turning the quintet into BRICS+ by attracting new states, Nezavisimaya Gazeta writes.

According to the newspaper, the ramped-up global turbulence has encouraged BRICS members to intensify intra-group cooperation and widen the association’s ties. According to Chinese Foreign Minister Wang Yi, expanding BRICS would help increase the association’s influence and contribute to maintaining peace. A few days later, Russian Foreign Minister Sergey Lavrov said that Saudi Arabia and Argentina were interested in joining BRICS.

Related News:

Russia calls for integrating BRICS payment systems

Leading Researcher at the Center for Political Studies at the Institute of Latin America of the Russian Academy of Sciences Nailya Yakovleva told the newspaper the main reasons for Argentina’s desire to move closer to BRICS membership are heightened international prestige and, most importantly, expanded opportunities for attracting foreign investment in infrastructure projects and loans from the new BRICS development bank.

“Argentina’s key rationale for entering BRICS is that it has already established tight cooperative relations with each of the association’s member states, establishing the groundwork for future participation. At the same time, the Argentine economy can organically fit into the ‘five’ countries’ economic structure, add new elements, and make a tangible contribution - primarily through its powerful agro-industrial complex and significant mineral resources - to strengthening BRICS’ position in the global economic relations system,” she said.

The expert added that Argentina’s joining could open the BRICS door to other large developing states, such as Mexico and Indonesia.

Uruguay, Iran, Egypt, Guinea, Thailand, and a number of post-Soviet states are often named among other potential BRICS participants, the newspaper writes.


Read More:

BRICS insist on diplomacy to resolve JCPOA

Raisi at BRICS Summit: Iran can be crossroad of trade for BRICS

Amir Abdollahian: BRICS summit is a promising move towards world peace