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Partner states are a new category for integration of prospective members, introduced in 2024 at the 16th BRICS summit in Kazan, the Russian Federation.These countries are observer states that are not yet officially part of the BRICS bloc, yet would get support from BRICS members.
Six new countries including Saudi Arabia have been invited to join the Brics bloc of developing nations, South Africa has announced, after three days of closed-door discussions between members ...
The six new candidates will formally become members on Jan. 1, 2024, South African President Cyril Ramaphosa said when he named the countries during a three-day leaders' summit he is hosting in ...
The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc. 6 new nations are set to join BRICS.
BRICS countries committed to study the feasibility of a new common currency or similar, at the 2023 BRICS summit in South Africa. [ 145 ] [ 146 ] [ 147 ] Fair and easier international trade , as well as a major reduction in costs of transactions , would be some of the reasons for the countries to forge a currency union.
The 2023 BRICS summit was the fifteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa. [2] [3] South African President Cyril Ramaphosa also invited the leaders of 67 countries to the summit. [4]
Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc after being invited last year, South Africa's Foreign Minister Naledi Pandor said on ...
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt , Ethiopia , Iran , and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit .