BRICS leaders invite Saudi Arabia and five other countries to join the bloc

Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the United Arab Emirates will become full members of BRICS on January 1 next year, marking the first expansion of the bloc since 2010. BRICS plans to have a two-tiered membership system of full members and partners. With the expansion, BRICS members will cover 32% of the world’s territory, 29% of global economic output, and 21% of total trade in goods. To become a new member of BRICS, the country should be an emerging market or developing country, should have regional and global influence, support multilateralism, be committed to the reform of global governance, and uphold international laws, explained Chinese delegation to the summit.