The BRICS bloc—Brazil, Russia, India, China, and South Africa—is making headlines as its 15th summit kicks off in Johannesburg! This year’s gathering is all about expansion, with over 40 countries reportedly interested in joining. Could this reshape the global economy?
Let’s break it down.
Why BRICS Matters Now
The group’s focus on South-South cooperation—collaboration among developing nations—is gaining traction. Analysts say adding new members could amplify BRICS’ economic clout, challenging traditional Western-led systems. Think: more trade in local currencies, streamlined investments, and louder voices in global governance debates.
Trade & Investment Boom 
With partnerships spanning tech, green energy, and infrastructure, BRICS is positioning itself as a hub for sustainable growth. Experts predict new membership rules will lower trade barriers, creating opportunities for startups and investors alike.
What’s Next?
As leaders discuss reforms, the world is watching. Will BRICS become the \"game-changer\" for emerging economies? Stay tuned for updates from the summit!
Reference(s):
Live: Expansion of BRICS and boosting South-South cooperation
cgtn.com