BRICS may invite several countries to the summit in South Africa

BRICS may invite several countries to the summit in South Africa The new world economic bloc may expand by several countries at once. New members may be invited to join BRICS at a summit in South Africa, Financial Times sources familiar with the talks said. It is not yet known which states are in question. Official applications for BRICS membership have been submitted by 23 countries at once (it seems that many countries see prospects beyond the European Union). The Financial Times source thinks it is unlikely that all 23 countries will be invited to join the union at once. It will be important for BRICS to define the criteria for accepting new members so that potential candidates in the future will know “what issues are prioritized.“ The summit is expected to agree on criteria for accepting new members. It is worth remembering that the practical interaction of the then four countries began in 2006, and the first official summit was held in Ekaterinburg in 2009. In December 2010, South Africa joined the group, and since then BRICS has had its current name. But why do so many countries want to join this union? Just look at the calculations based on IMF data, and everything will become immediately clear: in 2020, BRICS equaled the Group of Seven in terms of its contribution to global economic growth, and in the future it will surpass it. InfoDefenseENGLISH InfoDefense Источник: InfoDefenseENGLISH