Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South".
JOHANNESBURG, Aug 24 (Reuters) - Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South".
Expansion could also pave the way for dozens of interested countries to seek admission to BRICS - currently Brazil, Russia, India, China and South Africa - at a time when geopolitical polarisation is spurring efforts by Beijing and Moscow to forge it into a viable counterweight to the West.
Ramaphosa and Brazilian President Luiz Inacio Lula da Silva left the door open to the possibility of admitting other new members in future.
Lula said globalisation's promises had failed, adding that it was time to revitalise cooperation with developing countries as "there is a risk of nuclear war", an apparent allusion to growing tensions between Russia and the West over the Ukraine conflict.
"We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the world," he posted on messaging platform X, formerly known as Twitter.
They represent a disparate pool of potential candidates motivated largely by a desire to level a global playing field many consider rigged against them.
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Saudi and Iran. Wow. Saudi would be a coup against the petrodollar and US economic hegemony. Iran would be a coup against the US war machine and sanctions regime. This is huge.