The Japan Times - Join the club: BRICS faces rift over push for new members

EUR -
AED 4.062098
AFN 70.789306
ALL 90.693427
AMD 400.672772
ANG 1.980135
AOA 1014.279654
ARS 1709.123504
AUD 1.627481
AWG 1.992612
AZN 1.882839
BAM 1.955641
BBD 2.233948
BDT 137.958754
BGN 1.956003
BHD 0.418475
BIF 3353.617585
BMD 1.106085
BND 1.425422
BOB 12.982942
BRL 6.24108
BSD 1.10912
BTN 104.256915
BWP 15.387885
BYN 3.341628
BYR 21679.262787
BZD 2.230748
CAD 1.576884
CDF 2560.585981
CHF 0.925478
CLF 0.027951
CLP 1100.090023
CNY 7.378305
CNH 7.379516
COP 3669.580235
CRC 500.770498
CUC 1.106085
CUP 26.61983
CVE 110.257507
CZK 24.397743
DJF 197.516578
DKK 7.475629
DOP 67.295123
DZD 151.343663
EGP 59.086608
ERN 16.591273
ETB 181.105974
FJD 2.515624
FKP 0.835447
GBP 0.835642
GEL 2.864483
GGP 0.835447
GHS 12.987941
GIP 0.835447
GMD 81.849581
GNF 9827.287764
GTQ 8.475424
GYD 232.051084
HKD 8.678065
HNL 29.825838
HRK 7.535163
HTG 145.332095
HUF 365.719763
IDR 20131.850102
ILS 3.540942
IMP 0.835447
INR 104.279964
IQD 1681.493335
IRR 2116493.333993
ISK 136.59071
JEP 0.835447
JMD 175.705677
JOD 0.784233
JPY 176.892275
KES 143.791067
KGS 96.725904
KHR 4570.75138
KMF 493.313367
KPW 995.476637
KRW 1478.182934
KWD 0.344433
KYD 0.924341
KZT 492.63875
LAK 24959.965357
LBP 99325.20338
LKR 368.849933
LRD 188.557187
LSL 18.554588
LTL 3.265981
LVL 0.66906
LYD 7.152514
MAD 10.925209
MDL 20.231351
MGA 5062.587317
MKD 61.52441
MMK 2322.667409
MNT 3986.420047
MOP 8.961132
MRU 44.879376
MUR 52.672
MVR 17.045233
MWK 1921.269341
MXN 20.574605
MYR 4.520599
MZN 70.689719
NAD 18.537591
NGN 1490.294757
NIO 40.817042
NOK 10.56347
NPR 166.80991
NZD 1.9965
OMR 0.425275
PAB 1.10921
PEN 3.781792
PGK 5.059679
PHP 70.559336
PKR 306.713171
PLN 4.408285
PYG 6875.532774
QAR 4.043325
RON 5.347701
RSD 117.552508
RUB 90.920577
RWF 1638.466438
SAR 4.175489
SBD 8.956299
SCR 15.314752
SDG 665.31325
SEK 11.097051
SGD 1.423841
SHP 0.828807
SLE 25.335829
SLL 23194.039235
SOS 633.234793
SRD 41.482576
STD 22893.722931
STN 24.498446
SVC 9.705384
SYP 14381.31538
SZL 18.538046
THB 37.478024
TJS 10.232105
TMT 3.882358
TND 3.338673
TOP 2.663187
TRY 55.710728
TTD 7.534522
TWD 36.366926
TZS 2938.61633
UAH 50.401191
UGX 4564.627909
USD 1.106085
UYU 44.956539
UZS 13276.917715
VES 996.018889
VND 28470.070639
VUV 133.098203
WST 3.091351
XAF 655.957
XAG 0.022112
XAU 0.000283589318
XCD 2.989249
XCG 1.998973
XDR 0.782059
XOF 655.957
XPF 119.331742
YER 261.595371
ZAR 18.640621
ZMK 9956.095223
ZMW 22.654461
ZWL 356.158866
SSP 6577.345249
MXV 2.310554
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Join the club: BRICS faces rift over push for new members
Join the club: BRICS faces rift over push for new members / Photo: John SAEKI - AFP

Join the club: BRICS faces rift over push for new members

BRICS leaders meeting in South Africa this week will consider expanding the five-nation bloc at a time of great interest in the group that accounts for a quarter of global wealth.

Text size:

Opinions differ between Brazil, Russia, India, China and South Africa over accepting new members into the loosely-defined club of major emerging economies that is seeking an alternative to the Western-led international order.

Here are some key issues as the BRICS convene in Johannesburg:

- Growing interest -

South African officials say more than 40 countries have shown some level of interest in joining the BRICS from across the 'Global South', a broad term referring to nations outside the West.

Like the BRICS members themselves, these countries represent varying political systems, uneven economic strength, and contrary diplomatic positions, and are as diverse culturally and geographically as Argentina, Saudi Arabia, Kazakhstan and Vietnam, to name a few.

Many are traditionally non-aligned nations, such as Indonesia and Ethiopia, and some are openly hostile to the United States and its allies, such as Iran and Venezuela.

Some 50 heads of state and government will attend the summit, officials say.

- 'Expand and strengthen' -

Analysts say China, the most powerful of the BRICS economically, is eager to rapidly grow the club into something of a counterpoint to the G7 group of wealthy democracies.

In July, Foreign Minister Wang Yi described the BRICS as "the most important platform for cooperation among emerging markets and developing countries" and said China was ready to work with other members to "expand and strengthen" the bloc.

BRICS offers Beijing a forum where it can "cast itself as kind of the champion or the vanguard of the developing world and the global south," said Brian Hart from the Center for Strategic and International Studies.

"Beijing views BRICS as a very unique venue for expanding its influence globally," said Hart, a fellow at the Washington DC-based think tank.

- Friends and foes -

Russia and South Africa also support adding new members but this desire runs counter to India, the other major power in the BRICS, and an economic and geopolitical rival of China.

New Delhi is wary of the BRICS becoming an organ for Beijing to project its agenda and analysts say this conflicting interest could determine who might be admitted in years to come.

"China and India's disagreement regarding membership expansion will shape the prospects of aspiring BRICS countries and the organisation's future," wrote Hung Tran, a non-resident senior fellow at the Atlantic Council this month.

Brazil's President Luiz Inacio Lula da Silva on Tuesday said he supported the entry of "several countries", including Argentina.

Analysts say when considering new members, South Africa, India and Brazil must balance a desire for ties with China and Russia against the risk of estranging a major trading partner in the United States.

"Further expansion needs to be balanced in terms of not making it an anti-Western alliance that includes Venezuela and Iran," said Jakkie Cilliers, founder of the Pretoria-based Institute for Security Studies think tank.

- Character and clout -

Cobus van Staden, a senior researcher at the South African Institute of International Affairs, said even admitting less controversial members could greatly impact the profile and clout of BRICS.

"For example if Saudi Arabia joins, that would also kind of bring some additional geopolitical weight to the bloc," he said.

Three aspiring members -- Bangladesh, United Arab Emirates and Egypt -- were admitted in recent years to the BRICS development bank that wants to offer an alternative to the World Bank and International Monetary Fund.

Uruguay's application to join the Shanghai-based New Development Bank is also being considered.

South Africa's Foreign Minister Naledi Pandor characterised this as an expansion of sorts and said BRICS members at the summit would be presented with a proposal regarding criteria for new members.

"It is hard to see what the criteria would be for expansion. The BRICS is a very diverse group and it's questionable whether China is powerful enough to exert its will," said John Stremlau from the University of the Witwatersrand in Johannesburg.

S.Suzuki--JT