iran: Iran applies for membership of BRICS, Argentina also keen

Lower than seven days after the final BRICS Summit held underneath Chinese language presidency, Iran has utilized to hitch the grouping in what might be the primary growth of the group since South Africa was included.

A collection of consultations have been held relating to Tehran becoming a member of the group, claimed Iran. The spokesperson for the Iranian international ministry mentioned on Monday that whereas the BRICS will not be a treaty or a global settlement, it has been based mostly on a really inventive mechanism with broad points.

The spokesperson mentioned that BRICS member international locations symbolize 30% of the world’s GDP and 40% of the worldwide inhabitants. On this sense, he added, Iran’s entry would carry extra worth to the bloc.

Iran supplies India connectivity with Russia, Eurasia and Afghanistan and New Delhi has instructed permitting Iranian, together with Venezuelan oil into the worldwide market. Iranian FM just lately visited India to push connectivity and financial hyperlinks together with optimum use of Chabahar Port and INSTC.

There are experiences that Argentina can also be eager to hitch the group. On Sunday PM Narendra Modi met the Argentine President in Germany as a part of India’s efforts to broaden ties with Latin America. This was the primary bilateral assembly between the 2 leaders.