It's the second time BRICS has decided to expand. The bloc was formed in 2009 by Brazil, Russia, India and China. South Africa was added in 2010.
Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc from next year, the bloc announced Thursday, a move that will likely throw more scrutiny on Beijing's political influence in the Persian Gulf.
Mohammad Jamshidi, the political deputy of Iran’s President Ebrahim Raisi, called the decision to add his country “a historic move.” “This membership expansion is historic,” Xi said. “It shows the determination of BRICS countries for unity and development.”SEE MORE: Saudi Arabia, Iran restore ties, say they seek Mideast stability
The BRICS leaders began their talks in Johannesburg on Tuesday night and were locked in discussions most of the day Wednesday, thrashing out the final details. BRICS is a consensus-based organization and all members have to agree on policies.
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