BRICS Group Set to Expand Soon: China

China’s Foreign Ministry said it supports expanding BRICS Plus cooperation. (Case)

Beijing:

For the first time, the Brazil-Russia-India-China-South Africa (BRICS) grouping is expected to begin a process of expansion to include new members from developing countries, according to the Chinese government.

China’s Foreign Ministry said Friday that Beijing will actively promote BRICS expansion and welcome more global partners to join the group.

Foreign Ministry spokesperson Wang Wenbin made the remarks yesterday in a statement in response to media questions about Beijing’s views on BRICS expansion.

“China will work on the BRICS parties to continue to have in-depth discussions on the expansion of BRICS and determine the norms and procedures for this based on consensus. We look forward to more like-minded partners joining. the big BRICS family,” he said. said in a statement.

BRICS is a multilateral forum made up of five major emerging economies of the world, namely Brazil, Russia, India, China and South Africa.

Wang pointed out that the BRICS foreign ministers’ meeting held recently supported the expansion of the initiative while the “BRICS Plus” consultation was also held under the ministers’ meeting. .

On May 23, a virtual BRICS Plus conference was held as part of the main meeting with ministers from countries including the United Arab Emirates, Saudi Arabia, Egypt, Kazakhstan, Indonesia, Argentina , Nigeria, Senegal and Thailand, according to reports.

BRICS Plus is a new phase in the expansion of BRICS – already known for their combined economic growth potential – which aims to accommodate more countries and improve economic conditions.

China actively supports the start of the BRICS expansion process and expands “BRICS Plus” cooperation,” the Chinese ministry said.

“Facing the once-a-century changes and pandemic compounded by international hot spot issues, BRICS countries agree that it is important to strengthen cooperation with other emerging markets and developing countries, to further improve the representation of BRICS, to make the voice of BRICS in major international and regional issues more widely heard, to unite to address challenges and to defend the common interests and development space of emerging markets and developing countries, the statement said.

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Jennifer C. Burleigh