{"id":12905,"date":"2024-01-02T16:02:10","date_gmt":"2024-01-02T10:32:10","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=12905"},"modified":"2024-01-02T16:02:12","modified_gmt":"2024-01-02T10:32:12","slug":"brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/","title":{"rendered":"BRICS Expansion 2024: Saudi, Iran, UAE, Egypt, Ethiopia Joining &#8211; Significance &amp; Implications"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#BRICS_Group_to_Double_in_2024_After_Saudi_Arabia_Iran_UAE_Egypt_Ethiopia_Join_Ranks\" >BRICS Group to Double in 2024 After Saudi Arabia, Iran, UAE, Egypt, Ethiopia Join Ranks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Why_this_News_is_Important\" >Why this News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Geopolitical_Reconfiguration\" >Geopolitical Reconfiguration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Economic_Implications\" >Economic Implications<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Key_Takeaways_from_This_News\" >Key Takeaways from This News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Q1_What_is_BRICS\" >Q1: What is BRICS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Q2_Why_is_the_expansion_of_BRICS_significant\" >Q2: Why is the expansion of BRICS significant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Q3_How_might_the_inclusion_of_these_new_members_impact_trade_within_BRICS\" >Q3: How might the inclusion of these new members impact trade within BRICS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Q4_What_historical_context_is_relevant_to_BRICS\" >Q4: What historical context is relevant to BRICS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Q5_What_are_the_primary_objectives_of_BRICS\" >Q5: What are the primary objectives of BRICS?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/international\/brics-expansion-2024-brics-group-to-double-in-2024-as-saudi-iran-uae-egypt-and-ethiopia-join-ranks\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BRICS_Group_to_Double_in_2024_After_Saudi_Arabia_Iran_UAE_Egypt_Ethiopia_Join_Ranks\"><\/span>BRICS Group to Double in 2024 After Saudi Arabia, Iran, UAE, Egypt, Ethiopia Join Ranks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is set to undergo a substantial expansion in 2024 following the recent inclusion of Saudi Arabia, Iran, UAE, Egypt, and Ethiopia. This significant development marks a pivotal moment in the history of this bloc, with the addition of influential Middle Eastern and African nations contributing to its diversity and global influence.<\/p>\n\n\n\n<p>The decision to include these five countries emerged after extensive deliberations during the BRICS summit held in [mention the location and date of the summit]. This expansion aims to broaden the geographical and economic scope of the alliance, fostering stronger diplomatic ties and bolstering cooperation among the member nations. The incorporation of these nations will potentially elevate the collective bargaining power of the BRICS group on various global platforms.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"&quot;BRICS-expansion-2024&quot;\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/01\/BRICS-expansion-2024.jpg\" alt=\"&quot;BRICS expansion 2024&quot;\n\" class=\"wp-image-12906\" width=\"528\" height=\"367\" title=\"&quot;BRICS expansion 2024&quot;\"\/><figcaption class=\"wp-element-caption\">&#8220;BRICS expansion 2024&#8221;<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_Important\"><\/span>Why this News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Geopolitical_Reconfiguration\"><\/span>Geopolitical Reconfiguration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The inclusion of Saudi Arabia, Iran, UAE, Egypt, and Ethiopia in BRICS signals a significant shift in global geopolitics. This expansion is not merely an enlargement of the group but a testament to the growing influence of these nations in the global arena.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economic_Implications\"><\/span>Economic Implications<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The entry of these nations into BRICS expands the economic horizons of the consortium. With diverse economies and resources, the collective economic potential of BRICS amplifies, fostering increased trade partnerships and investment opportunities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The BRICS alliance was formed in 2006, initially comprising Brazil, Russia, India, China, and later South Africa in 2010. The primary objective was to establish a platform for cooperation among emerging economies. Over the years, BRICS has evolved beyond economic collaboration, extending to political and security-related discussions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_This_News\"><\/span>Key Takeaways from This News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>BRICS to double its membership in 2024<\/td><\/tr><tr><td>2.<\/td><td>Saudi Arabia, Iran, UAE, Egypt, and Ethiopia to join BRICS<\/td><\/tr><tr><td>3.<\/td><td>Geopolitical implications: Shift in global power dynamics<\/td><\/tr><tr><td>4.<\/td><td>Economic expansion: Enhanced trade prospects within BRICS<\/td><\/tr><tr><td>5.<\/td><td>Historical context: BRICS formation and its evolution<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">&#8220;BRICS expansion 2024&#8221;<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_is_BRICS\"><\/span><strong>Q1: What is BRICS?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: BRICS is an acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. It aims to promote cooperation on various levels among these countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_Why_is_the_expansion_of_BRICS_significant\"><\/span><strong>Q2: Why is the expansion of BRICS significant?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p> A: The inclusion of Saudi Arabia, Iran, UAE, Egypt, and Ethiopia into BRICS doubles its membership, which expands economic and geopolitical implications globally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_How_might_the_inclusion_of_these_new_members_impact_trade_within_BRICS\"><\/span><strong>Q3: How might the inclusion of these new members impact trade within BRICS?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The entry of new members could lead to increased trade corridors, diversification of economic partnerships, and potentially heightened investment opportunities within the expanded BRICS group.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_historical_context_is_relevant_to_BRICS\"><\/span><strong>Q4: What historical context is relevant to BRICS?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: BRICS was established in 2006 as an economic concept and evolved into a strategic partnership among emerging economies aiming at fostering mutual cooperation and development.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_are_the_primary_objectives_of_BRICS\"><\/span><strong>Q5: What are the primary objectives of BRICS?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A: The primary goals include enhancing cooperation in various fields such as economics, politics, culture, and technology, ultimately contributing to mutual development and stability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a 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This significant development marks a pivotal moment in&#8230;<\/p>\n","protected":false},"author":6,"featured_media":12907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,153],"tags":[8189,3240,1133,8256,193,567],"class_list":["post-12905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-miscellaneous","tag-brics","tag-emerging-economies","tag-geopolitics","tag-global-alliances","tag-government-exams","tag-international-relations"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/12905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=12905"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/12905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/12907"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=12905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=12905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=12905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}