
South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazilian President Jair Bolsonaro, Russian President Vladimir putin and Indian Prime Minister Narendra Modi attend the BRICS summit in Brasilia, Brazil November 13, 2019/ Reuters
Nineteen countries expressed an interest in joining the Brics group of nations as it prepares to hold an annual summit in South Africa.
The emerging-markets bloc of Brazil, Russia, India, China and South Africa will meet in Cape Town on 2-3 June to discuss its enlargement, Anil Sooklal, South Africa's ambassador to the group, said in an interview in the city on Monday.
"What will be discussed is the expansion of Brics and the modalities of how this will happen," he said. "Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day."
China initiated the conversation about expansion when it was Brics chair last year, as the world's second-biggest economy tries to build diplomatic clout to counter the dominance of developed countries in the United Nations. The proposed enlargement triggered concern among other members that their influence will be diluted, especially if Beijing's close allies are admitted. China's gross domestic product is more than twice the size of all four other Brics members combined.
The foreign ministers from the five member states have all confirmed they'll attend the discussions in June, Sooklal said. In addition to its membership, they will also discuss "hot spots" including Sudan, where a conflict between the army and a paramilitary force continued for a 10th day on Monday.
Since its formation as the Bric in 2006, the group has only admitted one new member – South Africa in 2010. Saudi Arabia and Iran are among the countries who've formally asked to join, Sooklal said in February
Dubai real estate sales pass $12bn in January as one surprise sector leaps over 151%
Dubai real estate market shatters records with AED142.5bn in deals during Q3 2024: Report
UAE Central Bank joins Fed in cutting interest rates
Dubai property sales till August almost catch up with all of 2023
Dubai's population grows by over 25,700 in first three months of 2024
What are rent-to-own schemes in Dubai?