New members of the BRICS: Saudi Arabia, Iran, Egypt, the United Arab Emirates and Ethiopia have officially welcomed five new members of the BRICS cooperation mechanism: Saudi Arabia, Iran, Egypt, the United Arab Emirates and Ethiopia. The announcement was made by Naledi Pandor, the prime minister of South Africa. In addition, another 34 countries have expressed interest in joining the BRICS. The BRICS countries are currently working on a program called the "BRICS Partnership Model", which aims to accommodate 17 countries that have not yet become full members. This plan will provide these countries with more opportunities for cooperation and development. At the same time, the BRICS countries are also designing a new framework that allows member countries to use their own currencies among each other, moving away from the dollar-dominated international payment system. The BRICS countries believe that the current international payment system is unfair and costly, and therefore are actively seeking solutions.
Since its establishment in 2009, the BRICS Cooperation Mechanism, which consists of five countries, Brazil, Russia, India, China and South Africa, has been committed to promoting cooperation and development among member countries. This mechanism has achieved remarkable results over the past decade and has become an important force in global economic governance. The accession of Saudi Arabia, Iran, Egypt, the United Arab Emirates and Ethiopia will further expand the influence and scope of cooperation of the BRICS cooperation mechanism. These countries have vast markets and abundant resources, which will bring new opportunities and challenges to the BRICS cooperation mechanism. With the continuous development and growth of the BRICS cooperation mechanism, the global economic landscape is also undergoing profound changes. As important representatives of emerging markets and developing countries, BRICS countries will play an increasingly important role in international affairs. They will promote multilateralism, maintain world peace and stability, and inject new impetus into global economic growth. However, the challenges facing the BRICS countries cannot be ignored.
Under the conflict of globalization and protectionism, BRICS countries need to strengthen cooperation to jointly address various risks and challenges. At the same time, BRICS countries also need to strengthen their own reform and development, and improve their voice and influence in global economic governance. The future development of the BRICS countries is full of hope and opportunities. With the accession of new members and the continuous improvement of the cooperation mechanism, the BRICS countries will continue to play an important role and make greater contributions to the prosperity and stability of the world economy. References: 1Why didn't Argentina join the BRICS? This is a highly controversial issue and one of the major challenges facing Argentina in the near future.
As the engine of global economic growth, BRICS countries have attracted the attention and expectations of many countries. However, Argentina** has chosen not to join the economic cooperation mechanism made up of China, Russia, India, Brazil and South Africa. Parliamentarians from the Argentine opposition party "Fatherland Alliance" demanded that Milley explain the reasons for this decision. They believe that Argentina's accession to the BRICS will bring huge economic benefits to the country, while refusal to join could trigger ** disputes and cause harm to the Argentine economy. For his part, Jorge Carrera, the former president of Argentina's bank, criticized Milley's decision as disrespectful to efforts to promote Argentina's accession to the BRICS, and for his childish behavior of over-ideologizing international relations and putting Argentina's national interests on the back burner. Why, then, did Argentina** choose to refuse to join the BRICS? Some analysts pointed out that this may be related to Argentina's disagreement with the governance model and development strategy of the BRICS countries.
The decision-making process of the BRICS cooperation mechanism is based on the principles of equality and consultation, while Argentina** may be more inclined to the traditional governance model led by international organizations and Western countries. In addition, Argentina** may also take into account the responsibilities and obligations that come with joining the BRICS. As representatives of emerging markets and developing countries around the world, BRICS countries play an important role in promoting global economic growth and reforming the international financial system. Argentina** may believe that the current domestic economic situation is severe, and joining the BRICS may exert some pressure on the domestic economy. From another point of view, the expansion of the BRICS also raises some questions. There is a view that the rapid expansion of the BRICS countries may lead to a decrease in the efficiency of internal coordination and decision-making of the cooperation mechanism. In addition, there are differences in the economic structure and level of development among the BRICS countries, and the accession of new members may exacerbate the imbalance in the cooperation mechanism. Therefore, Argentina** may also have made a decision when taking these factors into account.
All in all, Argentina's refusal to join the BRICS has sparked controversy and questions from all sides. Whether we support or oppose it, we should recognize that the development of the BRICS cooperation mechanism is a complex and lengthy process that requires mutual understanding and consultation among countries. More just and sustainable global economic governance can be achieved only through equal and open dialogue.