https://sputnikglobe.com/20230426/south-african-sherpa-lauds-brics-for-championing-global-souths-concerns-1109853954.html
South African Sherpa Lauds BRICS for 'Championing' Global South's Concerns
South African Sherpa Lauds BRICS for 'Championing' Global South's Concerns
Sputnik International
Interest in joining BRICS is growing, as countries on the Global South believe it champions more inclusive multipolar world order, stated Anil Sooklal, Sherpa of the Republic of South Africa in BRICS.
2023-04-26T14:57+0000
2023-04-26T14:57+0000
2023-04-26T14:57+0000
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Interest in joining BRICS is on the rise, as “countries on the Global South want to exert their independence, their sovereignty, and also have their voices heard on the global stage,” Anil Sooklal, Sherpa of the Republic of South Africa in BRICS, told Sputnik.BRICS, which unites the world's largest developing economies — Brazil, Russia, India, China, and South Africa - is being seen as "the forum that is most receptive and most aligned to their aspirations to create a more equitable, inclusive and fair global community," Anil Sooklal pointed out.The mechanism of cooperation between the five leading non-Western economies was just BRIC at the beginning, with the S for South Africa getting added on in 2010. Now, a number of other countries intend to join the economic bloc, including Argentina, Iran, Indonesia, Turkiye, Saudi Arabia, and Egypt.Sooklal weighed in on the interest of "major countries from the developing south, the emerging market, developing economies from all parts of the world, from Latin America, from Africa, the Middle East, Asia, all seeking to become BRICS members."The Sherpa pointed out that BRICS has "become a champion of the Global South in addressing the issues around the unequal global political, financial, and global trade architecture, all of which favors the Global North."Of course, there are diverse criteria and guidelines on how we go about expanding, said the Sherpa, adding that the modalities are still being discussed. Regarding Africa, Algeria, Egypt and Tunisia have specifically spoken about joining BRICS. Four countries - Uruguay, the UAE, Egypt and Bangladesh have been admitted as BRICS members of the new Development Bank. Next up will be their political association with the BRICS, Anil Sooklal explained.But already, in terms of purchasing power parity (PPP) GDP, BRICS now is bigger than the G7. The BRICS account for 31.5% and G7 30%. "It's predicted by 2030 BRICS will account for 50% of global GDP. So an expanded BRICS will also increase the association's global economic footprint.
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brics, global south, multipolar world order, champion of global south, interest in joining brics growing, anil sooklal, sherpa of the republic of south africa in brics.
brics, global south, multipolar world order, champion of global south, interest in joining brics growing, anil sooklal, sherpa of the republic of south africa in brics.
South African Sherpa Lauds BRICS for 'Championing' Global South's Concerns
The Ukraine crisis has brought to light the “fault lines in the global political architecture,” and since then there has been an upsurge in interest in joining the BRICS development partnership, according to Anil Sooklal, Sherpa of the Republic of South Africa in the association of the five major fast-growing economies.
Interest
in joining BRICS is on the rise, as “
countries on the Global South want to exert their independence, their sovereignty, and also have their voices heard on the global stage,” Anil Sooklal, Sherpa of the Republic of South Africa in BRICS, told
Sputnik.
BRICS, which unites the world's largest developing economies — Brazil, Russia, India, China, and South Africa - is being seen as "the forum that is most receptive and most aligned to their aspirations to create a more equitable, inclusive and fair global community," Anil Sooklal pointed out.
The mechanism of cooperation between the five leading non-Western economies was just BRIC at the beginning, with the S for South Africa getting added on in 2010. Now, a number of other countries intend to join the economic bloc, including Argentina, Iran, Indonesia, Turkiye, Saudi Arabia, and Egypt.
Sooklal weighed in on the interest of "major countries from the developing south, the emerging market, developing economies from all parts of the world, from Latin America, from Africa, the Middle East, Asia, all seeking to become BRICS members."
"Now, I think that's significant because obviously it means these countries see that BRICS is championing the issues that needs to be addressed in terms of their development, in terms of their voices being heard and in terms of creating a more inclusive multipolar world order where you don't have a few hegemons dictating on how we conduct ourselves on the international front," Ambassador Anil Sooklal said.
The Sherpa pointed out that BRICS has "become a champion of the Global South in addressing the issues around the unequal global political, financial, and global trade architecture, all of which favors the Global North."
Of course, there are diverse criteria and guidelines on how we go about expanding, said the Sherpa, adding that the modalities are still being discussed. Regarding Africa, Algeria, Egypt and Tunisia have specifically spoken about joining BRICS. Four countries - Uruguay, the UAE, Egypt and Bangladesh have been admitted as BRICS members of the new Development Bank. Next up will be their political association with the BRICS, Anil Sooklal explained.
But already, in terms of purchasing power parity (PPP) GDP, BRICS now is bigger than the G7. The BRICS account for 31.5% and G7 30%.
"It's predicted by 2030 BRICS will account for 50% of global GDP. So an expanded BRICS will also increase the association's global economic footprint.
