BRICS announces historic admission of six new members

BRICS announces historic admission of six new members

JOHANNESBURG: BRICS leaders announced on Thursday the "historic" admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order.
The BRICS -- Brazil, Russia, India, China and South Africa -- agreed at their annual summit to make Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates full members from January 1.
"This membership expansion is historic," said Chinese President Xi Jinping, whose nation is the most powerful in the group of non-Western states that represents a quarter of the world economy.
"The expansion is also a new starting point for BRICS cooperation. It will bring new vigour to the BRICS cooperation mechanism and further strengthen the force for world peace and development".