Two countries apply to join BRICS — RT World News

The Islamic Republic of Iran has formally submitted its utility to affix the group of 5 main economies made up of Brazil, Russia, India, China, and South Africa, the overseas ministry in Tehran introduced on Monday. The transfer comes after the Iranian president addressed the BRICS summit final week.

Whereas BRICS will not be a treaty bloc, it has a “very inventive mechanism with broad facets,” Iranian International Ministry spokesman Saeed Khatibzadeh mentioned on Monday, in accordance with the Tasnim information company. He added that Tehran has already had “a collection of consultations” with BRICS in regards to the utility.

Iran’s membership would “add worth” for everybody concerned, mentioned Khatibzadeh, noting that BRICS members account for as much as 30% of the world’s GDP and 40% of the worldwide inhabitants. 

On Friday, Iranian President Ebrahim Raisi addressed the BRICS digital summit hosted by China, and expressed Tehran’s readiness to share its capabilities and potentials with the group. 

Argentina has additionally utilized to affix BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that might characterize the choice to ostensibly non-public establishments run by – and within the curiosity of – the West.

Through the session on Wednesday, Russian President Vladimir Putin mentioned that the five-member group was engaged on organising a brand new international reserve forex “primarily based on a basket of currencies of our nations.”