Prime Minister Narendra Modi speaking at the event 15th BRICS The (Brazil, Russia, India, China and South Africa) summit said on Thursday that India welcomes the expansion of the grouping of world economies.
PM Modi’s words of affirmation came after South African President Cyril Ramaphosa announced the inclusion of six new member countries – Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates.
“India has always supported the expansion of BRICS. India has always believed that adding new members will strengthen BRICS as an organization… I am glad that many positive outcomes have been achieved in this three-day meeting. have come to the fore. India has always supported it.” expansion of BRICS members,” PM Modi said.
“The expansion and modernization of BRICS shows that the world’s institutions must adapt to the changing times,” he said.
Six new countries will join BRICS
On Thursday, leaders of the BRICS grouping of developing countries invited six countries including Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join in a move aimed at increasing the clout of the bloc that has Promised to be a champion. “Global South”.
Announcing the expansion, South African President Cyril Ramaphosa said, “This summit reaffirmed the importance of enhancing BRICS, people-to-people exchanges, friendship and cooperation… We shared the global economic, financial and key BRICS messages.” Adopted two declarations of Johannesburg reflecting this.” Political Affairs. It reflects the shared values and common interests that form the basis of our mutually beneficial cooperation as five BRICS countries…”
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BRICS members have reached a consensus on the first phase of expansion of the grouping, which will come into effect on January 1, 2024.
The 2023 BRICS summit is taking place at the Sandton Convention Center in Johannesburg, where PM Modi is present.
South African officials said that more than 40 countries have expressed interest in joining BRICS, with only 22 countries formally asking to join.