Belarus is an Eastern European country looking to join the BRICS alliance in 2024. Belarus President Alexander Lukashenko said this European country is ready to participate in integration processes within the BRICS framework.
President Lukashenko explained that BRICS can help Belarus restore its economy and maintain trade and financial balance. He emphasized that joining the BRICS alliance in 2024 will help bring stability to the country's indigenous economy.
"We are interested in participating in integration processes in that space. BRICS is another platform that helps us maintain economic balance and stability" - President Lukashenko told the Belarusian news agency Belta News.
Belarusian Foreign Minister Maksim Ryzhenkov also said that Belarus hopes to be among the top 10 countries to achieve status as a BRICS cooperation partner.
According to Mr. Ryzhenkov, Belarus sees BRICS as an effective platform, gathering global forces, where Belarus can promote its foreign policy interests, build economic relations and develop trade.
If Belarus is admitted to BRICS in 2024, many other Eastern European countries could join. BRICS could use Belarus to penetrate Eastern Europe and get developing countries to settle trade in local currencies.
The BRICS de-dollarization agenda appears to attract developing countries that want to promote local currencies and local economies to grow.
However, there is no guarantee that Belarus will join the BRICS alliance in 2024. The expansion is based on consensus and all current members must agree for the Eastern European country to join the bloc.
In another development, El Salvador is said to be studying the possibility of joining BRICS. According to Sputnik, El Salvador is interested in attracting foreign investment, mainly from BRICS countries, because the country understands that it is necessary to diversify economic relationships, not just focusing on the US and the Bank. World (WB).
"The increasing number of countries wanting to join BRICS shows the effectiveness of this cooperation mechanism, which has a strong appeal to developing countries" - Global Times quoted Professor Song Wei. at the Department of International Relations and Diplomacy of Beijing Foreign Studies University.
BRICS has strengthened the consensus among developing countries and emerged as a strong advocate for their development needs. Whether promoting economic cooperation or advocating for fairer global governance, BRICS always protects the practical interests of developing countries - Professor Song said.
Professor Song noted that these applicant countries, located on different continents, have experienced rapid growth in recent years. To meet their growing development needs, they are looking to leverage the BRICS mechanism to open up new opportunities for continued growth.
BRICS is an acronym for an emerging market cooperation mechanism that initially included Brazil, Russia , India, China and South Africa. In January this year, the bloc expanded its membership to include Saudi Arabia, Egypt, the United Arab Emirates (UAE), Iran and Ethiopia.
Besides, more than 30 other countries have applied to join BRICS .
