Which country joined BRICS recently?
The BRICS (Brazil, Russia, India, China, and South Africa) has been a significant economic and political bloc since its inception in 2009. Over the years, the group has expanded its influence and membership. In this article, we will explore the recent addition to the BRICS family and discuss the implications of this new member’s inclusion.
The most recent country to join the BRICS is Egypt. Egypt’s admission into the bloc was announced during the 14th BRICS Summit held in Johannesburg, South Africa, in August 2022. This decision came as a surprise to many, as Egypt had been actively seeking membership for several years.
The inclusion of Egypt into the BRICS is a strategic move for both the country and the bloc. Egypt, as the most populous country in Africa, brings a significant population and economic potential to the table. The country’s membership is expected to enhance the bloc’s economic clout and its representation on the global stage.
For Egypt, joining the BRICS provides several benefits. Firstly, it allows the country to leverage the economic resources and expertise of the member nations. This can help Egypt in its efforts to diversify its economy and reduce its dependence on traditional partners like the United States and the European Union.
Secondly, Egypt’s membership in the BRICS will help it gain a stronger voice in international forums. The bloc has been a platform for discussing global economic issues and advocating for the interests of developing countries. With Egypt on board, the group can better represent the African continent and push for policies that benefit its member states.
On the other hand, the BRICS benefits from Egypt’s inclusion as well. The country’s economic growth and investment potential can help boost the bloc’s overall economic performance. Additionally, Egypt’s strategic location in the Middle East and Africa makes it a valuable ally in the region, potentially enhancing the bloc’s geopolitical influence.
The addition of Egypt to the BRICS has also sparked discussions about the future of the group. Some experts believe that the expansion of the bloc may lead to a more inclusive and diverse representation of emerging economies. Others argue that the increased membership could dilute the group’s focus and impact.
In conclusion, the recent admission of Egypt into the BRICS marks a significant milestone for the bloc. The inclusion of Egypt brings both economic and strategic benefits to the group, while also offering new opportunities for the country itself. As the BRICS continues to evolve, it will be interesting to see how the new member contributes to the group’s growth and influence on the global stage.
