BRICS agrees on group expansion mechanisms

News Snapshot:

The BRICS group of nations has adopted a document that sets out guidelines and principles for the group’s expansion, South Africa’s Foreign Minister Naledi Pandor said yesterday according to Reuters. Establishing a framework and criteria for admitting new members has been at the top of the agenda at this week’s BRICS summit in Johannesburg. While all BRICS members – Brazil, Russia, India, China and South Africa – have publicly expressed support for growing the bloc, they have been divided over how many countries to admit and how quickly. More than 40 nations have expressed an interest in joining BRICS. “We...