India, Brazil and South Africa rejected Algeria’s request to join the BRICS group.
Algeria had submitted an official request to join the BRICS group, and according to what was confirmed by the Special Envoy of the Ministry of Foreign Affairs in charge of major partnerships, Leila Zerrougui, that only two countries support Algeria’s accession to this group, the matter is related to Russia and China.
Observers believe that joining this group requires the fulfillment of some economic and other conditions, and based on Algeria’s failure to fulfill these conditions to a large extent, three countries belonging to the group have reservations about the request of the “Great Banner”, including the allied country, South Africa.
Algerian President Abdelmadjid Tebboune had said earlier that his country was interested in joining the BRICS group, and said in a televised interview that Algeria largely fulfills the conditions for joining the group.
The BRICS group includes China, Russia, Brazil, India and South Africa.
“Algeria has almost all the conditions for joining the BRICS group and is very interested in joining this alliance,” Tebboune said.
According to Algerian President Abdelmadjid Tebboune, his country is interested in joining the group.
Brazil, Russia, India, China and South Africa (BRICS) is an acronym for Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the term “BRIC” (without South Africa) in 2001, claiming that by 2050 the four BRIC economies would dominate the global economy. South Africa was added to the list in 2010.
The area of these countries constitutes a quarter of the land area, and their population is approximately 40% of the Earth’s population. By 2050, it is expected that the economies of these countries will compete with the economy of the richest countries in the world today – according to the global banking group Goldman Sachs, which was the first to use this term in 2001. It is expected that these countries will form an alliance or a political club among themselves in the future. .