The BRICS bloc of top emerging economies have taken a major step in expanding its reach and influence with the announcement that six more nations have been invited join as new members.
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join as full members from January 1 next year.
It said the six were selected after “BRICS countries reached consensus on the guiding principles, standards, criteria and procedures of the BRICS expansion process” – but did not provide more details about the specific criteria.
Source: Aljazeera
