6 new entrants set to make Brics a wall, a counterweight to West

Looking to emerge as a counterweight to the West, BRICS announced Thursday that 6 countries - Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE - will join on January 1, 2024, the group of nations that together account for 26 percent of global GDP. While many of these countries have close ties with China, which wanted expansion to be accelerated, all of them except Ethiopia are also India’s strategic partners.

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