Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June.

BRICS to Talk Expansion as Number of Candidates Continues to Grow

The BRICS group of nations — Brazil, Russia, India, China, and South Africa — are scheduled to meet in Cape Town on June 2 – 3. Enlargement will be in the focus of their talks, according to Anil Sooklal, South Africa’s ambassador to the group.

“What will be discussed is the expansion of BRICS and the modalities of how this will happen,” Sooklal said, quoted by Bloomberg. “Thirteen countries have formally asked to join and another six have asked informally,” he highlighted, stating:

We are getting applications to join every day.

The foreign ministers of the five member states will attend the discussions in June, Sooklal confirmed. Besides enlargement, the first diplomats will also discuss hot spots like Sudan, where fighting between the army and a paramilitary force rages on.

Four countries launched the organization as ‘BRIC’ in 2006 and it became ‘BRICS’ when South Africa was allowed to join in 2010. It remains the only admitted new member so far. Saudi Arabia and Iran are among the nations formally applying for membership, Sooklal unveiled earlier this year.

Conversations about the potential enlargement of BRICS were initiated by China last year. Observers say the People’s Republic is trying to increase its diplomatic influence in order to challenge the dominance of developed economies on the international scene including in formats such as the U.N.

However, the proposed expansion has been met with some concern by other BRICS members, fearing their own influence will be diminished if the organization accepts Beijing’s close allies, the report notes.

China is the world’s second-largest economy with a gross domestic product twice as big as the combined GDP of the four other nations forming the bloc at the moment.

Tags in this story
Brazil, brics, candidates, China, discussions, enlargement, expansion, India, Iran, meeting, members, Membership, Requests, Russia, Saudi Arabia, South Africa, summit, talks

Do you think all BRICS members will approve the enlargement of the organization? Share your expectations in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Articles You May Like

Keir Starmer plans ‘road map’ for UK to hit higher defence spending goal
Gen Zers are willing to buy fixer-upper homes. Some already regret the decision, new report finds
AI bubble set to inflate further
Offenders to be released early to avert UK prisons crisis
Private Puerto Rico tollway operator may sell municipal bonds