Is BRICS’ major expansion a geopolitical game changer?

NICOSIA: Last Thursday, the BRICS grouping of five major emerging economies – Brazil, Russia, India, China, and South Africa - at the end of its meeting in Johannesburg announced its decision to invite six new mem-bers to join beginning January 1, 2024.

Four of the countries invited to join BRICS (the acronym of its five members) are countries of the Middle East: Saudi Arabia, the United Arab Emirates, Egypt, and Iran, and the other two are Argentina and Ethiopia. The expansion of the grouping, if successful, may become a game changer and may transform it from basically a geoeco-nomic to a geopolitical platform.

China’s President Xi Jinping hailed the decision to expand the club as “historic”, while Russian President Vladi-mir Putin (who joined the Johannesburg meeting through video conference) congratulated the new members and added that the expansion means that the global influence of BRICS would grow. India’s Prime Minister Narendra Modi also welcomed the expansion, saying his country had always believed that adding new members would strengthen the bloc.

US National Security Adviser Jake Sullivan played down the fact that countries openly antagonistic to the US and the West- like Iran- were invited to join BRICS, saying that the Biden administration was “not looking at the BRICS as evolving into some kind of geopolitical rival to the United States or anyone else.”

However, if all the countries invited to join the group actually do it, BRICS will more than double in number and could become a counterweight to the US and its allies. Some observers see BRICS as nothing more than a talking shop, while others consider the expansion as symbolic but not substantial.

There are some analysts who see the grouping as having the potential to create a new version of the world econ-omy. The United Arab Emirates immediately accepted the invitation, while the Saudi Foreign Minister Prince Faisal bin Farhan, said the Kingdom was awaiting details from the grouping and will later announce its decision. For its part, Egypt announced it was looking forward to joining the BRICS. Iranian President Ebrahim Raisi stressed that the expansion of BRICS showed that the unilateral approach is “on the way to decay.”

Michelle Grise, a senior researcher at Rand Corporation, speaking to Al Jazeera, said: “BRICS membership of-fers a path for Saudi Arabia and the UAE to balance their respective relationships with the United States with their interests in deepening economic ties with China.”

If Saudi Arabia and Iran join the BRICS, which already includes Russia, this will mean that the grouping could be able to exert great influence on the production and marketing of global oil. It could become a grouping like OPEC+.

The fact that nations with diverse economies, such as rich Saudi Arabia, low-income Ethiopia, and Argentina which is currently facing dire economic problems, were invited to become BRICS members, as well as countries that have serious disputes like Egypt and Ethiopia (over the Grand Renaissance Dam) will surely make it difficult for the grouping to reach unanimous decisions, as the interests of members will be divergent. Decision-making in such a diverse group will be complex and difficult. On the other hand, participation in the same platform could help these countries solve their differences. If the expansion of BRICS is completed successfully and the members are able to reach decisions and implement them effectively, the grouping will become one of the most important international platforms and its importance will be similar to the G7. ANI

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