Pakistan will not join the BRICS?

[migflug]

BRICS is just a social platform like LinkedIn without producing anything of value. Anyone who thinks that we can have "BRICS" currency, needs to read basic economics. No currency can be a global currency unless and until its free flowing with high stability and confidence behind them. Chinese Yuan is tighly controlled by the government, so it can't even compete with Dollar. So no big thing will come out of BRICS in near future.

 

[aziqbal]

With Whiskey and Dirty Harry in charge we will be joining PRICS instead

yes its called PRICKS !

 

[nahtanbob]

you sure about Brazil ?

it looks like some members were invited to join

 

[nahtanbob]

BRICS welcomes new members in push to reshuffle world order

The BRICS bloc of developing nations agreed on Thursday to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates in a move aimed at accelerating its push to reshuffle a world order it sees as outdated.

www.reuters.com

Even as BRICS leaders this week weighed expanding the group - a move every one of them publicly supported - divisions surfaced over how much and how quickly.

Last-minute deliberations over entry criteria and which countries to invite to join extended late into Wednesday evening.

Bloc heavyweight China has long called for an expansion of BRICS as it seeks to challenge Western dominance, a strategy shared by Russia.

Other BRICS members support fostering the creation of a multi-polar global order. But Brazil and India have both also been forging closer ties with the West.

Brazil's Lula has rejected the idea that the bloc should seek to rival the United States and Group of Seven wealthy economies. However, as he departed South Africa on Thursday, he said he saw no contradiction in bringing in Iran - a historical arch-foe of Washington - if it advanced the cause of the developing world.

"We can't deny the geopolitical importance of Iran and other countries that will join BRICS. ... What matters is not the person who governs but the importance of the country."