The BRICS (Brazil, Russia, India, China and South Africa) group of nations have invited six countries to become full members of the bloc.
The invited countries include Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates .
“As a five-BRICS country, we have reached 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,” Ramaphosa said.
“We have decided to invite the Argentina Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia, and the United Arab Emirates to become full members of BRICS.Three of the six oil-producing countries — Saudi Arabia, Iran, and the UAE — are key members of the Organisation of Petroleum Exporting Countries .
the third largest oil-producer status in Africa, with an average oil production of 1,081,396 barrels per day .At the summit, heads of state are expected to deliberate on issues of trade and investment facilitation, sustainable development, innovation, and global governance reform. It is also expected that the conference would focus on global geopolitics and infrastructure development as the body continues its outreach to leaders from Africa and the global south.
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