Mexico Among the 25 Countries That Want To Join BRICS
South Africa’s Ambassador to Russia, Mzuvukile Geoff Maqetuka confirmed last week that 25 new countries are ready to join BRICS. Mexico is among the 25 countries that have expressed interest to join the BRICS alliance, reported Eurasia Network. The interest in joining the bloc comes after tensions with the US escalated due to the illegal border crossings. Read here to know the full list of countries that want to join BRICS.
Also Read: BRICS: Bank of America Issues Warning of a US Dollar Collapse
The US and Mexico are at loggerheads for illegal immigration, border security, drug cartels, illicit trade, and human rights violations. The development led to the US imposing tariffs on Mexican goods and threatening to cut aid to Mexico. Amid the growing tensions, Mexico now wants to be a part of BRICS to ward off the economic threats from the US.
Also Read: BRICS Announces New Blockchain-Based Crypto Payment System
Mexico Expresses Interest To Join BRICS
Mexico expressed its interest to join BRICS and be a part of the group that’s taking on the US. If BRICS inducts Mexico, it could be the first South American country to be a part of the alliance. It will also be the first immediate neighbor of the US to join BRICS this year.
“There were close to 25 (countries) who indicated that they are ready to join BRICS,” the South African ambassador said to Tass.
Also Read: BRICS: China Enters Western Territory, Buys Gold Company With Hard Cash
However, the decision to induct new countries will be based on the consensus of all the member countries. The BRICS expansion could most likely be decided in the next summit in October this year. It is not known if BRICS will induct Mexico into the group and allow the country to be a part of decision-making.
Also read: BRICS Prepares to Launch Currency in 2024
BRICS could further its de-dollarization initiative in South America if it inducts Mexico into the bloc. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.
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Mexico Among the 25 Countries That Want To Join BRICS
South Africa’s Ambassador to Russia, Mzuvukile Geoff Maqetuka confirmed last week that 25 new countries are ready to join BRICS. Mexico is among the 25 countries that have expressed interest to join the BRICS alliance, reported Eurasia Network. The interest in joining the bloc comes after tensions with the US escalated due to the illegal border crossings. Read here to know the full list of countries that want to join BRICS.
Also Read: BRICS: Bank of America Issues Warning of a US Dollar Collapse
The US and Mexico are at loggerheads for illegal immigration, border security, drug cartels, illicit trade, and human rights violations. The development led to the US imposing tariffs on Mexican goods and threatening to cut aid to Mexico. Amid the growing tensions, Mexico now wants to be a part of BRICS to ward off the economic threats from the US.
Also Read: BRICS Announces New Blockchain-Based Crypto Payment System
Mexico Expresses Interest To Join BRICS
Mexico expressed its interest to join BRICS and be a part of the group that’s taking on the US. If BRICS inducts Mexico, it could be the first South American country to be a part of the alliance. It will also be the first immediate neighbor of the US to join BRICS this year.
“There were close to 25 (countries) who indicated that they are ready to join BRICS,” the South African ambassador said to Tass.
Also Read: BRICS: China Enters Western Territory, Buys Gold Company With Hard Cash
However, the decision to induct new countries will be based on the consensus of all the member countries. The BRICS expansion could most likely be decided in the next summit in October this year. It is not known if BRICS will induct Mexico into the group and allow the country to be a part of decision-making.
Also read: BRICS Prepares to Launch Currency in 2024
BRICS could further its de-dollarization initiative in South America if it inducts Mexico into the bloc. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.
Read More
BRICS: Standard Chartered, Deutsche Bank Predict US Dollar’s Future