The expansion of the BRICS will be a historic moment, and the bloc will enhance its status to that of a global player that seeks to become an alternative to the collective West, the President of Serbia, Alexandar Vucic, said.

“The summit with the participation of leaders or senior officials from Brazil, Russia, India, China and South Africa begins today, and I think it will be a historic step for them if their members decide to expand the body,” the Serbian leader was quoted as saying by the local television. In his opinion, the global geopolitical game is becoming “more and more interesting”.

The BRICS group meeting will take place from August 22nd to 24th in Johannesburg, South Africa, which is chairing the bloc this year.

According to South African sources, some 30 states are interested in joining the bloc, with some of them already having submitted official requests, including, but not limited to, Algeria, Bangladesh, Egypt and Ethiopia.

According to sources from the Indian Business Standard newspaper, Argentina, Egypt, Indonesia, the United Arab Emirates and Saudi Arabia may be admitted to the BRICS summit.

The presidency of the association will pass to the Russian Federation in 2024.

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GCI UNIT Worldwide is a division of TCME-Group Worldwide, one of the world’s leading professional corporate investment and foreign trade advisory firms, with a total of 17 divisions in various countries and headquartered in Malaysia.

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If you would like to discuss your internationalization and diversification plans, book a consultation session* or email us at: [email protected]

*A consultation session is a conversation about your portfolio and goals. It is not legal, financial, tax or investment advice.

GCI UNIT Worldwide Group
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Kuala Lumpur 50450, Malaysia
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