Numerous countries have shown their interest in becoming part of the BRICS group, which consists of Brazil, Russia, India, China, and South Africa. These countries view themselves as a counterbalance to the Western world and are currently convening in Johannesburg. Potential candidates for BRICS membership include Argentina, Egypt, Indonesia, Saudi Arabia, and Iran.
China’s leader, Xi Jinping, supports the expansion of the group. However, India’s Prime Minister, Narendra Modi, is cautious about admitting countries close to China due to their border disputes. Nevertheless, several nations are actively vying for membership in BRICS.
Saudi Arabia, a leading oil producer, would provide economic strength to BRICS and enhance its position as a rival to the U.S.-led financial order. Saudi Arabia has been cultivating ties with China and has demonstrated independence from American interests. With a young population, Saudi Arabia aims to diversify its oil-dependent economy and sees BRICS as a potential partner for cooperation and business opportunities.
Argentina, with the third-largest economy in Latin America, has faced economic crises and struggles to repay its debt to the Western-dominated International Monetary Fund. President Alberto Fernández supports Argentina’s bid to join BRICS, citing the organization’s focus on development and distancing from financial speculation. Argentina already has strong ties with BRICS members such as Brazil, China, and India.
Iran, with significant gas and oil reserves, seeks to strengthen economic and political ties with non-Western powers. Joining BRICS would symbolize Iran’s resilience against Western isolation attempts and solidify its regional power status. Iran has been selling discounted oil to China and has increased non-oil trade with BRICS countries.
Indonesia, the world’s fourth most populous country, has been encouraged by China and India to join BRICS. The country sees potential trade opportunities in South America and Africa through BRICS membership. Indonesian President Joko Widodo supports a global order that includes developing countries and aims to benefit from the BRICS bank for infrastructure development.
Egypt, a recipient of American aid, has maintained a strong relationship with Russia and has growing trade ties with China. Egypt aims to reduce its dependence on the U.S. dollar and hopes to trade in local currency within BRICS. Joining BRICS would also attract more investment and maintain its influence with Western governments.
These potential new members bring economic and geopolitical advantages to BRICS. They align with the group’s vision of challenging the dominance of Western powers in global affairs. The addition of these countries would enhance BRICS’ economic strength, trading partnerships, and global influence.
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