Sunday Tribune

world economy Building geopolitical clout BRIC by BRIC

In September 2004 the foreign ministers of Brazil, Russia, India and China agreed to have regular consultations. Little did they imagine that 19 years later, they would be the driving forces of a new global alliance of 11 nations.

In January 2024, the BRICS bloc will expand and add Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to the original four constituent members, South Africa having joined as the 5th member in 2010. The 11-member states, BRICS Plus, will represent 37% of the World GDP and 46% of the world population. The BRICS Plus are larger and carry greater weight than any other regional alliance.

The BRICS Heads of State summit meeting this week in Johannesburg consolidated the nature of the BRICS as a collaborative forum. The Johannesburg summit did not convert the BRICS into a formal international organisation with its own legal personality,

You’re reading a preview, subscribe to read more.

More from Sunday Tribune

Sunday Tribune3 min read
Nandi Madida On Being Intentional As A Mother And An Artist
Nandi Madida has been blessed with a fulfilling career and two beautiful children and by no means does she take any of it for granted. She is married to Grammy Award-winning producer Zakes Bantwini and together, the couple have a seven-year-old son,
Sunday Tribune3 min read
Escape Into The Mother City’s Most Exquisite Homes On ‘Listing Cape Town’
THERE is no disputing that Cape Town is a sight to behold. From its breathtaking coastlines to the majestic Table Mountain and its serene leafy suburbs, the Mother City draws in the nation’s most elite as well as legions of foreigners. Many travel to
Sunday Tribune3 min read
Top Tips On How To Breeze Through Corporate Travel
A lot of planning and organisation goes into outsmarting cramped flights and snagging elusive hotel upgrades. Business travel requires you to have the best arsenal up your sleeve in order to have an enjoyable adventure. Kamogelo Maerman, a frequent

Related Books & Audiobooks