From January 1 of the next year, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will be officially considered members of the BRICS bloc.
With the revelation that six additional countries have been asked to join as new members, the BRICS bloc of leading developing economies has taken a significant step toward extending its reach and influence. Of the six new BRICS nations, two are African, Egypt, and Ethiopia.
Before the commencement of its annual meeting in South Africa this week, more than 40 nations had indicated interest in joining the group and 23 had formally registered to join, including the African nations of Ethiopia, and Algeria, the former which has officially been accepted and the latter who’s proposal to join is perhaps still under review.
