Saudi Arabia and Iran are among six countries to join BRICS as new members next year, South African President Cyril Ramaphosa has announced, on the final day of a summit of the group that considers itself a counterweight to Western powers. The group encompassing five major emerging economies \u2013 China, Brazil, South Africa, Russia and India \u2013 which makes decisions by consensus, agreed on \u201cthe guiding principles, standards, criteria and procedures of the BRICS expansion process\u201d, during the three-day annual summit held in Johannesburg this week, Ramaphosa said on Thursday. As part of the first phase, Argentina, Egypt, Ethiopia and the United Arab Emirates will join Saudi Arabia and Iran to become full BRICS members in January 2024. Other phases will follow. \u201cThis membership expansion is historic,\u201d said Chinese President Xi Jinping. \u201cThe expansion is also a new starting point for BRICS cooperation. It will bring new vigour to the BRICS cooperation mechanism and further strengthen the force for world peace and development.\u201d Ethiopian Prime Minister Abiy Ahmed hailed what he called \u201ca great moment\u201d for his country. \u201cEthiopia stands ready to cooperate with all for an inclusive and prosperous global order,\u201d Abiy said on Twitter. The core group of Brazil, Russia, India, China and South Africa has been discussing the issue of BRICS expansion for more than a year, Ramaphosa said, and the new members were invited this week after an agreement was reached at the summit. The expansion of the group is part of its plan to build dominance and reshape global governance into a \u201cmultipolar\u201d world order that puts voices of the Global South at the centre of the world agenda. The inclusion of Saudi Arabia, the UAE, Iran and Egypt marks the first MENA representation in the group, and the inclusion of Argentina was championed by member Brazil. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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