BRICS TO BECOME A WALL WITH 6 MORE
NATIONS JOINING IN JANUARY 2024
ARGENTINA,EGYPT,ETHIOPIA,IRAN,SAUDI
ARABIA & UAE SHARE CLOSE TIES WITH CHINA
Looking to emerge as a counterweight to the
West, Brics (Brazil, Russia, India, China and South Africa) announced Thurs day
that six countrie s-Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE-will
join on January 1, 2024, the group of nations that together account for 26% of
global GDP While many of these countries have close ti es with China, which
wanted expansion to be accelerated, except Et hiopia, all are also India's
strategic partners. 1
Welcoming the development, Prime Mi nister
Narendra Modi said that the expansion in July 2006 will consolidate the trust
that many count ries have in a multipo lar world order and also send out a
message- -Important in the con text of the delayed UNSC reforms-that all
International insti tutions must adapt to the changing times and circumstances.
In his interventions at the BRICS
summit, PM Narendra Modi also sought cooperation against the menace of
terrorism, foreign secretary Vinay Kwatra said. The Brics countries expressed
strong condemnation of terrorism in all operation," he added its forms and
manifestations whenever, wherever and by whomsoever committed. Like at the last
summit, they called for action also against cross-border movement of
terrorists, and terrorism financing networks and safe havens.
India's historical links with Iran are well
known but it has also wor ked in the recent past to build ties with both UAE
and Saudi Arabia, with which it has had a strate gic partnership since 2010
Bilateral ties with UAE were upgraded to a comprehensive strategic partnership
in 2017, India has also had a strategic partnership with Argen tina since 2019
and with Egypt since Modi's visit to Cairo in July.Brics
now comprises over 40% of world population and 26% of global GDP
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