BRICS Summit 2023 News: Membership Expansion Backed by India’s Modi, China’s Xi

Source: Bloomberg | Original Published At: 2023-08-23 09:45:19 UTC

Key Points

• BRICS leaders agreed on terms for membership expansion, the first since 2010.
• A document outlining guidelines and principles for new members has been adopted.
• A detailed announcement on new members will be made before the Johannesburg summit concludes.

BRICS leaders edged closer to adding new members to their club for the first time since 2010, after agreeing terms for an enlargement of the group that they hope will lift its clout on the world stage.
“We have a document, which we have adopted, that sets out guidelines and principles, processes for considering countries that wish to become members of BRICS,” South African Minister of International Relations and Cooperation Naledi Pandor told Ubuntu Radio on Wednesday. “The more detailed announcement will be made by the BRICS leaders” before the conclusion of their annual summit in Johannesburg, which ends Thursday, she said