BRICS Expansion recently saw Saudi Arabia, Iran, Egypt, Ethiopia, and the United Arab Emirates formally join the group of emerging nations.
Key Outcome of the Meeting:
- UN Reform: Commitment to multilateralism and comprehensive UN reform, focusing on a more democratic and efficient Security Council.
- G20 and African Union: Support for G20’s role in economic cooperation, welcomed African Union’s G20 membership, backed G20 presidencies of India, Brazil, South Africa (2023-2025).
- Conflict Resolution: Concern over Ukraine and Palestinian conflicts, called for Gaza ceasefire, supported Palestine’s UN membership and two-state solution.
- Counter-terrorism: Condemned all forms of terrorism, emphasized zero tolerance and accountability.
- Climate Change and Trade: Stressed adherence to UNFCCC and Paris Agreement, opposed protectionist measures, supported fair multilateral trading system for developing countries.
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Frequently Asked Questions (FAQs):
Which countries recently joined BRICS?
Saudi Arabia, Iran, Egypt, Ethiopia, and the United Arab Emirates recently joined BRICS.
Who will chair BRICS in 2024?
Russia will chair BRICS in 2024.
What is the combined economy of the expanded BRICS?
The combined economy of the expanded BRICS exceeds $28.5 trillion.
How does BRICS expansion contribute to a multipolar world?
BRICS expansion contributes to a multipolar world by countering the dominance of developed nations in groups like the G7.