BRICS has newly included six countries as an international organization. These countries are Ethiopia, Argentina, United Arab Emirates, Saudi Arabia, Iran and Egypt. The most surprising thing is that four of these countries are from the Middle East. This could change the face of the global economy.
The current president of Brazil gave an explanation as to why the four Middle Eastern countries were included. He said that BRICS member countries were not made by looking at the ideals of any country. Rather, the geopolitical importance of the country has been given the highest priority.
More countries will be included in the BRICS in the future and at that time the geopolitical issue will be given the highest priority. The most interesting thing is that Saudi Arabia, the world’s top oil exporting country, and China, the largest oil importing country, belong to the same economic alliance.
China has long called for BRICS to expand. China sees it as a new way to build a multilateral world system against the Western ideals. The Chinese president reminded all BRICS members of the purpose of unity.
With the inclusion of BRICS, which plays a major import and export role in the world economy, their alliance is now stronger than ever. The West has long had a presence in the Middle East for political and economic reasons.
China and Russia benefit from their inclusion as Iran, Saudi Arabia, and the United Arab Emirates play important roles in the world’s energy exports and controls. This inclusiveness will help control oil politics and make the position in the Middle East even stronger than before.
Experts believe that the United Arab Emirates and Saudi Arabia joined BRICS with the objective of maintaining balance in world politics and economy. Saudi Arabia was interested in joining BRICS because it wanted to become more powerful in the international arena. Due to the US sanctions, Iran’s economy is not that favorable. For this reason, Iran will want to get as much economic benefits as possible from the New Development Bank and BRICS.
