In this week’s roundup: Forty countries seek membership in BRICS ahead of 2024 summit; What is the long-term economic outlook for the BRICS?; Turkey Needs to Apply for BRICS Membership Promptly – Patriotic Party Vatan; Russia’s Rosnedra touts economic benefits of BRICS countries joining forces on mining costs; BRICS assessing Iran’s idea of integrating payment systems.
Egypt’s Ghazala addresses young legislators forum
Egypt’s Hassan Ghazaly addressed the BRICS Young Legislators Forum, highlighting the critical role of youth in international cooperation and policy development.
Egypt plays major role in BRICS, says member of Russia’s State Duma in exclusive interview
A member of the Bureau of the Supreme Council of the United Russia Party and the State Duma, Andrei Klimov said that Egypt plays a vital role in the BRICS group and praised Cairo’s key strategic relationship with Moscow.
Poets from BRICS countries gather in China
More than 70 poets from BRICS countries have come together in Hangzhou, east China’s Zhejiang Province, to participate in a poetry event.
Indonesia still considering decision on BRICS membership: official
Director General of ASEAN Cooperation at the Ministry of Foreign Affairs, Sidharto R. Suryodipuro, has said that Indonesia is still studying the decision on joining the developing economies alliance BRICS.
BRICS ‘Suspends’ its Strategic Expansion: Implications and Challenges
Russia has suspended BRICS expansion. It happened on the eve of the XVI summit under the motto “Strengthening Multilateralism for Equitable Global Development and Security” when a multitude of countries with interconnected interests are due to meet in Kazan, capital city of the antonomous Republic of Tatarstan.
BRICS parliamentary forum: Strengthening multilateralism for global solidarity
The BRICS Parliamentary Forum emphasised the importance of strengthening multilateralism to foster global solidarity and address international challenges collaboratively.
Differences between Brics and Brics + and benefits for Bangladesh
The key differences between BRICS and BRICS+ lie in their membership and scope, with BRICS+ aiming to expand cooperation beyond the original five nations, offering potential economic and strategic benefits for countries like Bangladesh through increased trade opportunities and political collaboration.
Turkey Needs to Apply for BRICS Membership Promptly – Patriotic Party Vatan
The Patriotic Party Vatan in Turkey has urged the country to promptly apply for BRICS membership, emphasising the strategic and economic benefits of aligning with the alliance. They argue that joining BRICS would enhance Turkey’s geopolitical influence and provide new avenues for economic growth.
UAE participates in first meeting of BRICS countries’ heads of geological services
The UAE, represented by the Ministry of Energy and Infrastructure, participated in the first meeting of heads of geological services and the round table on “Prospects for BRICS Cooperation in the Study, Development, and Sustainable Use of Mineral Resources.”
BRICS geological services to compile lists of critical minerals
The geological services of BRICS countries agreed at their first official meeting to compile lists of minerals that are critically important for their economies.
What is the long-term economic outlook for the BRICS?
In 2024, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE joined the BRICS. As a result, BRICS now makes up nearly a third of the world’s GDP at market prices in USD. To dive deeper into the long-term outlook of the alliance as a whole and of each individual country, read this special report, which includes easy-to-read summaries and graphs of key Consensus Forecasts up to 2030.
Russia’s Rosnedra touts economic benefits of BRICS countries joining forces on mining costs
BRICS countries joining efforts to work on the cost of mining solid mineral resources could have huge benefits for these countries’ economies, the head of Russia’s Federal Mineral Resources Agency (Rosnedra), Yevgeny Petrov said.
The importance of both Quad and BRICS
The Quad Foreign Ministers’ meeting in Japan end-July, after a long gap of 10 months, comes at a time when the United Nations Security Council (UNSC) is paralysed and its reform nowhere in sight, international law is violated with impunity both in the Ukraine war and in the assault on Gaza by Israel, an axis of Russia, China, North Korea, and Iran is gaining traction, and Chinese influence is growing not just in the Indo-Pacific, but elsewhere too.
40 countries seek membership in BRICS ahead of 2024 summit
Foreign media have reported an unexpected surge in interest from countries wanting to join BRICS, with 40 nations expressing their desire to become members in 2024.
Iran strategic partner of BRICS states, key SCO member: Interim foreign minister
Iran’s interim foreign minister says Tehran has been pursuing multilateralism in its foreign policy and managed to become a “strategic partner” in the BRICS group of emerging economies and an important member of the Shanghai Cooperation Organisation (SCO).
South Africa Seeks Trade Opportunities at BRICS Summit
South Africa attended the 14th BRICS Trade Ministers Meeting in Moscow, Russia, to seek trade and investment opportunities, a government official said.
BRICS nations back plan for joint Geological Platform
The BRICS nations have endorsed a plan to establish a joint Geological Platform, aimed at enhancing collaboration in geological research and resource management. This initiative is expected to facilitate the sharing of geological data and foster sustainable development within the member countries.
BRICS Expansion And The Shifting Global Order
As more big emerging markets join the BRICS+ nations, the grouping could give the Global South a greater voice in world affairs and challenge the domination of existing institutions.
BRICS as an Alternative Rule Maker in Global Governance
By connecting different developing regions around the world, BRICS can really present itself as an alternative rule-maker in global governance, based on UN rules, Nabi Sonboli writes.
Shaik Aayesha of University of Hyderabad selected for BRICS Youth Summit 2024 in Russia
Shaik Aayesha, Ph.D scholar from School of Chemistry, University of Hyderabad (UoH) working under Prof. Srinivasa Rao Yaragorla, was selected as one of the delegates for BRICS Youth summit 2024 and Meeting of the BRICS Youth Ministers being held in Ulyanovsk, Russia from July 22 to 26 under Ministry of Youth Affairs and Sports, (Department of Youth affairs).
Russia to focus on healthcare issues during its BRICS presidency — WHO
Among the health challenges, Batyr Berdyklychev mentioned a spike in chronic and noncommunicable diseases, the increasing number of patients with comorbid conditions, as well as the risks related to cybersecurity and protection of personal medical information.
BRICS assessing Iran’s idea of integrating payment systems
Russian Deputy Foreign Minister Andrey Rudenko says that the BRICS member states are in talks over the idea of the Islamic Republic of Iran on integrating their national payment systems within the group’s framework.
Iran urges forming BRICS states national wealth joint fund
Hossein Eyvazlou, a member of the Executive Board of the National Development Fund of Iran (NDFI), proposed to set up a joint fund for the national wealth of BRICS member states during the meeting of the “BRICS International Futurological Forum, Smart Civilization” that was held alongside the BRICS Summit from July 10 to 11 in the Russian capital of Moscow.
Russia calls on BRICS to pool efforts against use of e-payment systems by terrorists
Russian Deputy Foreign Minister Sergey Vershinin lauded dialogue between the countries’ law enforcement on criminal prosecution and punishment of terrorists as useful.
China’s strategic maneuver: BRICS counters NATO in disinformation war
BRICS is presented as a significant player in this multipolar scenario, while NATO is depicted as a Cold War leftover, excessively aggressive, and a source of global instability, writes Dr Rajesh Sharma.
BRICS to benefit from including African countries — expert
BRICS will only benefit if African countries join the association because this continent is the future, Russia’s Sherpa in the Women 20, Valdai Club expert and Vice Rector of the National Research University Higher School of Economics Viktoriya Panova told TASS.
UAE calls for disaster prevention at BRICS meet
The meeting addressed common strategies and challenges in emergency and crisis management, as well as shared experiences and expertise in the field, reports Asian Lite News.
Who Cares If Malaysia and Thailand Join BRICS?
As it expands, the grouping has become increasingly incapable of articulating a coherent political, security, or economic vision, David Hutt writes in The Diplomat.
