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BRICS Foreign Ministers Meeting: Saudi Arabia, UAE, and Iran’s Participation Strengthens Political and Economic Power Amid Growing Membership Interest

by Editorial Team
July 3, 2023
in World
2 min read
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Maj. Gen. Khairat Shukri confirms participation of Saudi Arabia, UAE and Iran in BRICS meeting

The preliminary BRICS foreign ministers’ meeting has received a boost in political strength as Saudi Arabia, the UAE and Iran have confirmed their participation. This comes in addition to the group’s already impressive economic power. The meeting has become all the more significant after around 30 countries expressed their desire to join the group.

BRICS and its significance

BRICS is an acronym for Brazil, Russia, India, China and South Africa. These countries are known for their rapidly growing economies, which account for approximately 40% of the world’s population and a quarter of its GDP. The group was formed in 2009 with the aim of promoting economic cooperation and development among its members.

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Over the years, BRICS has become a significant player in the world economy and has been instrumental in shaping global economic policies. The group has also been a strong advocate for multipolar world order and has been critical of the dominance of the Western powers in international institutions like the World Bank and the IMF.

The role of Saudi Arabia, UAE and Iran

The participation of Saudi Arabia, the UAE and Iran in the preliminary BRICS foreign ministers’ meeting is a significant development. These three countries are major players in the Middle East and their inclusion in the meeting will give the group a broader perspective on global issues.

Saudi Arabia and the UAE are both members of the Gulf Cooperation Council (GCC), which is a regional intergovernmental political and economic union consisting of all Arab states in the Persian Gulf except for Iraq. The inclusion of these two influential countries will provide BRICS with a deeper understanding of the Middle East and its geopolitical dynamics.

Iran, on the other hand, is a major player in the region and has been the subject of much international attention in recent years due to its nuclear program and its involvement in regional conflicts. Its inclusion in the BRICS meeting will provide an opportunity for the group to engage with Iran and have a better understanding of its position on various global issues.

The significance of the increased interest in membership

The fact that around 30 countries have expressed their desire to join BRICS is a testament to the group’s growing influence and significance. These countries see BRICS as a platform that can help them promote economic growth and development.

However, the inclusion of new members could also lead to challenges for the group. The existing members will need to work together to ensure that the group’s objectives and principles are not diluted by the inclusion of new members.

Conclusion

The participation of Saudi Arabia, the UAE and Iran in the preliminary BRICS foreign ministers’ meeting is a significant development that will give the group a broader perspective on global issues. The fact that around 30 countries have expressed their desire to join the group is a testament to its growing influence and significance. However, the existing members will need to work together to ensure that the group’s objectives and principles are not diluted by the inclusion of new members.

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