Argentina, Ethiopia, Egypt and UAE also to join club of large emerging economies in major expansion
Calls to enlarge Brics had dominated the agenda at its three-day summit in Johannesburg and exposed divisions among the bloc over the pace and criteria for admitting new members.
US officials have played down the likelihood of Brics emerging as a geopolitical rival, describing the bloc as a highly diverse collection of countries containing both friends and rivals. The Brics are a disparate mix of big and small economies, democratic and authoritarian states, and the candidates seeking membership and those admitted to the club also reflect this variety. But despite differences, Brics leaders expressed a common belief that the international system was dominated by western states and institutions and was not serving the interests of developing nations.
The Brazilian president, Luiz Inácio Lula da Silva, said with the admission of six new members, the bloc would represent 46% of the world’s population and an even greater share of its economic output.from its Brics partners at a time of global isolation. South Africa, China and India have not condemned Russia’s invasion while Brazil has refused to join western nations in sending arms to Ukraine or imposing sanctions on Moscow.
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