June 26, 2023
2 mins read

‘BRICS states deliberating about Egypt’s entry’

The foreign ministers of BRICS member states (Brazil, Russia, India, China, and South Africa) held a meeting in Cape Town on June 2…reports Asian Lite News

After Egypt has requested to join the BRICS economic group, Foreign Secretary Vinay Kwatra said that member countries are examining requests and simutaneouly deliberating on the criteria of expansion of the BRICS membership.

“Currently, the member countries of the BRICS are examining all these requests on one hand, but on the other hand, they are also currently discussing between them as to what should be the criteria of expansion of the BRICS membership, what should be the process and procedure relating to that. That is yet to arrive,” Kwatra said while answering the question on Egypt’s request for BRICS membership. “BRICS takes all its decisions by consensus. So from our side, we are a very active participant along with other BRICS countries in that process. Right now, that is the current status. But we are looking actively at all the applications, naturally, including a very friendly and strategic partner like Egypt in the expanded structure of the BRICS,” Kwatra said in a special briefing on Prime Minister’s visit to Egypt.

This statement came after Egypt submitted its application to join BRICS, Russian Ambassador to Cairo Georgy Borisenko confirmed, TASS News Agency reported.

On Wednesday, 14 June, Egypt began the process of potential accession to the BRICS – the country has filed an application to join the five countries. This was reported by TASS, citing the message of the Russian Ambassador to Cairo, Georgy Borisenko.

“Egypt has submitted its application to join the BRICS group because one of the endeavors that BRICS is currently pursuing is to shift trade to alternative currencies, be it national currencies or a new common currency. Egypt is very much interested in that,” the envoy said in an interview with TASS.

According to him, Egypt is eager to boost trade and economic cooperation with Russia. “New payment mechanisms are being created for trade transactions,” the ambassador added.

The foreign ministers of BRICS member states (Brazil, Russia, India, China, and South Africa) held a meeting in Cape Town on June 2.

The meeting was also attended by top diplomats from the 12 countries of the Global South that wish to join the group, namely Argentina, Bangladesh, Comoros, Cuba, the Democratic Republic of the Congo, Egypt, Gabon, Indonesia, Iran, Saudi Arabia, the United Arab Emirates, and Venezuela. (ANI)

ALSO READ-South Africa to host BRICS meet in July

Previous Story

Modi conferred with Egypt’s highest state honour  

Next Story

3rd G20 Infrastructure Working Group meet begins

Latest from -Top News

Pakistan Snubs US at UN

Ahmad said that Pakistan, in collaboration with its all-weather friend, China and its ally, Russia, was circulating a draft resolution for the Council to adopt….reports Asian Lite News Despite the high-profile lunch

Violence against children hit unprecedented levels

In Somalia, it reported 2,568 violations against 1,992 children.In Nigeria, 2,436 grave violations were reported against 1,037 children The UN kept Israeli forces on its blacklist of countries that violate children’s rights

Japan Cancels U.S. Talks

The cancellation also coincides with Japan’s upcoming upper house elections on July 20, which are expected to test Ishiba’s fragile minority coalition Japan has cancelled a planned high-level security meeting with the

Modi calls Yoga a journey from ‘me’ to ‘we’

PM Modi showered praise on the Andhra Pradesh government for hosting this year’s national celebrations, commending Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan for their leadership. Prime Minister

UK unites for Yoga Day

Celebrations held across iconic landmarks and campuses under theme ‘One Earth, One Health’ The Indian diaspora and local communities across the United Kingdom gathered in large numbers on Friday to mark the
Go toTop

Don't Miss

Kazan BRICS summit will mark achievement of new heights, says Lavrov

On January 1, 2024, Russia took over the chairmanship of

Modi Holds Bilateral Meeting with South African President at BRICS Summit

This is PM Modi’s third visit to South Africa and