BRICS Summit 2023: A big announcement has been made at the ongoing 15th BRICS Summit (BRICS Summit 2023) in Johannesburg, South Africa. New countries have now entered BRICS. That is, the members of BRICS countries have been expanded. Now 6 new countries have joined it.
Entry of 6 new countries in BRICS
Prime Minister of India, Narendra Modi during the conferencePM Modi) announced the names of these new countries. PM Modi Said that India has always supported the expansion of BRICS. We welcome new countries on their arrival in BRICS. These countries include Ethiopia, Egypt, Iran, UAE, Argentina and Saudi Arabia. Now the total number of countries in BRICS has increased from 5 to 11.
What is BRICS?
BRICS means B to Brazil, R to Russia, I to India, C to China and S to South Africa. The countries involved in BRICS discuss many issues including trade, economy among themselves. Earlier it was a group of these five countries, which was formed by combining the five fastest economies of the world. But, now new countries have also joined it. After the inclusion of these countries, it is now
Membership will be applicable from January 1, 2024
Even though the names of these countries have been announced in the conference, they will be considered as its members from January 1, 2024. It is not that only these countries will be included in BRICS. It is likely to expand further in the coming days. However, only 6 countries are being included in the first phase. Whose membership will be applicable from 1 January 2024.
More than 40 countries want to join BRICS
Let us inform that these days the 15th BRICS summit is going on in Johannesburg. The expansion of BRICS is a major issue in this. More than 40 countries have expressed their desire to join BRICS. Out of which 23 countries had also applied for this. In the first phase, 6 countries have been selected for expansion.
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