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Five major countries are set to join the BRICS alliance in 2024, expanding its global influence. Iraq, Nigeria, Turkey, Mexico, and Pakistan each bring unique strengths and strategic advantages to BRICS. As the BRICS economic alliance, initially consisting of Brazil, Russia, India, China, and South Africa, expands its global influence, five major countries are on the cusp of joining this influential bloc in the beginning of 2024. With the addition of these nations, BRICS is not only increasing its membership but also significantly enhancing its geopolitical and economic footprint.  The move underscores a strategic shift in the global power dynamics, challenging the existing order and paving the way for a new era of multi-polar collaboration. The five nations poised to join BRICS bring diverse strengths and perspectives to the table, each augmenting the alliance’s capability to influence global trade, economics, and politics.  Their integration into BRICS is a testament to the bloc’s growing appeal and its commitment to reshaping the global economic landscape. See Also: Nigeria Has Expressed Interest To Join The BRICS Economic Alliance As Argentina’s Replacement Expanding Horizons: New Members, New Opportunities Iraq’s Strategic Move Towards De-dollarization: Iraq’s interest in joining BRICS aligns with its goal of economic upliftment and de-dollarization.  The country aims to bolster its economy through trade in local currencies, a move necessitated by the impacts of a rising US dollar.  By joining BRICS, Iraq seeks to leverage the alliance’s mission of de-dollarization, eyeing recovery and growth.  Iraq’s abundant natural resources make it an attractive addition to BRICS, promising mutual benefits for both the nation and the alliance. Nigeria’s Quest for Global Influence: Nigeria’s bid to join BRICS in 2024 represents its ambition to amplify its voice in global affairs.  As one of Africa’s most populous and economically significant countries, Nigeria’s addition could enhance BRICS’s…

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Filed under: News - @ December 29, 2023 4:06 am