Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will join existing members Brazil, Russia, India, China, and South Africa.
Brics summit being held at the Sandton Convention Centre.Ramaphosa said Brics itself is a diverse group of nations and an equal partnership of countries that have different views but a shared vision for a better world.
“As the five Brics countries, we have reached an agreement on the guiding principles, standards, criteria and procedures of the Brics expansion process which has been in discussion for quite a while.“We have consensus on the first phase of this expansion process and other phases will follow.
“We have tasked our Foreign Ministers to further develop the BRICS partner country model and a list of prospective partner countries and report by the next summit.”Russian president Vladimir Putin who is physically present for the summit delivered a closing statement via video link. Putin lauded Ramaphosa’s diplomatic skills in handling the negotiations including the issue around the expansion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BRICS Summit: Putin's absence marks missing 'R' in BRICS?In July, South African President Cyril Ramaphosa verified that Putin won't be present at the BRICS summit due to an International Criminal Court arrest warrant. Putin, who faces an international arrest warrant for alleged Ukraine war crimes, will join the summit virtually.
Read more »
BRICS summit: Growth of BRICS does not pose a threat to G7, says Da SilvaThe Brazilian President said despite the potential growth of BRICS, it does not pose a threat to the G7. This as the bloc currently makes up 32% of the global economy's GDP while the G7 bloc has fallen below 30%.
Read more »
Egypt, Saudi Arabia, Argentina to become permanent members of BricsIran, which was favoured by the Russians, is said to have also received the nod from the Brazilians, but various sanctions are likely to be its stumbling block
Read more »
Cape Town offering bursaries for 2024Cape Town has opened applications for external bursaries for next year’s academic year.
Read more »
KZN ANC welcomes appointment of senior party members ahead of 2024 electionThe ANC in KwaZulu-Natal says it welcomes the appointment of senior party members to assist in its preparations for the elections next year.
Read more »