Iran increases trade with BRICS including China, as it eyes to join bloc


Source: al-monitor.com al-monitor.com

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May 10, 2023 Iran has been ramping up trade with members of the BRICS group, as Tehran looks to join the five-nation alliance that is often seen as an alternative to the Western economic and political hegemony. BRICS is comprised of the emerging economies of Brazil, China, India, Russia and South Africa. The alliance accounts for 42% of the global population and about 26% of the world’s economy, according to the South Africa-based Institute for Security Studies. Iran’s state-run Tasnim news agency on Wednesday reported that the value of the Persian country’s non-oil trade with BRICS members hit $38.43 billion...