A new expanded BRICS was born on a crisp wintry morning in Johannesburg as the leaders of BRICS nations unveiled their collective decision to add dynamism to the grouping by adding six new countries from the Global South.
Six new countries, which have been added to BRICS, include Argentina, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates.
The selection of new members came after intense negotiations and burning much midnight oil which saw the leaders and sherpas of Permanent 5 countries of BRICS debating the future of this grouping of emerging powers.
The expanded BRICS grouping, which will come into being after the formal induction of new members on January 1, 2024, can potentially emerge as a challenger to G7 and a champion of the Global South. The new 2.0 BRICS reflects regional balance as the new countries represent different regions of the world.
Fully backing the expansion of the grouping, Prime Minister Narendra Modi underlined that the addition of new members will further add dynamism to the grouping. “We have taken important decision to expand BRICS. This will further strengthen the beliefs of many countries in this multipolar world. I am happy that our teams have agreed on the guiding principles, standards, criteria, and procedures for the expansion of BRICS,” PM Modi said at a joint press conference by the leaders of BRICS countries at the conclusion of the 15th BRICS summit on August 24. He added: “I am confident that we would be able to give new dynamism to BRICS by working with the new member countries of the grouping. India has had very deep and historic relations with all these countries.”
Indonesia was a surprise omission, as it was a top contender to join BRICS. Indonesia was not excluded as it met all criteria, but Jakarta conveyed that it is not ready to join BRICS yet, said well-placed sources. The expansion of the grouping is marked by the strategic intention to provide greater prominence to the Global South in the BRICS agenda. “We appreciate the considerable interest shown by countries of the global South in membership of BRICS,” said the Johannesburg Declaration. The Johannesburg Declaration also underlined that “true to the BRICS Spirit and commitment to inclusive multilateralism, BRICS countries reached consensus on the guiding principles, standards, criteria and procedures of the BRICS expansion process.”
The criteria were not unveiled, but official sources disclosed that Official sources told this writer that it is not the end of the expansion of BRICS, but the next phase of expansion will see the induction of partner countries. “We have also tasked our Foreign Ministers to further develop the BRICS partner country model and a list of prospective partner countries and report by the next Summit,” said the Johannesburg Declaration While the inclusion of new members have enhanced global stature of the BRICS, the inclusion of Iran, the target of Western actions, may push BRICS in the direction of anti-West posturing which is being choreographed by the China and Russia.
“This membership expansion is historic,” China’s top leader, Xi Jinping, said. “It shows the determination of BRICS countries for unity and cooperation for the broader developing world.” While Xi has a lot to rejoice in the expansion of Greece, the four-day summit, India, too, has a lot to be pleased about as all new members have also robust relations with New Delhi.
Another important takeaway of the BRICS summit was a collective decision to encouraging trade in national currency of BRICS countries that will encourage the trend towards de-dollarisation. On the issue of the UNSC reforms, the Johannesburg Declaration saw all BRICS countries