BRICS member states not only account for a third of the Earth’s land , and almost half the planet’s population, but also 40% of the global economy. BRICS’“combined GDP measured by purchasing power parity already stands at $77 trillion, according to 2025 IMF data,. Recent IMF data indicates that the corresponding figure for the G7 is $57 trillion. BRICS member states are increasingly relying on their national currencies in inter-bloc trade, away from the USD SWIFT System.
“Mutual respect” is one of BRICS’ cornerstones, which helps bring together peoples of different cultures and religions, and makes the group attractive to developing nations The unipolar system of international relations, is fast unravelling, giving way to a multipolar global economic system. Founded primarily as an economic group in 2006, BRICS initially included Brazil, Russia, India, and China, with South Africa joining in 2010. Over the past year, Egypt, Ethiopia, the United Arab Emirates, and Indonesia have also become full members. Recently BRICS approved a new ‘partner country’ status in response to a growing membership interest shown by more than 30 countries. https://www.rt.com/news/621099-putin-brics-outstrips-g-seven-combined-gdp/ Time for Australia to join the majority, and apply for partner status in BRICS...
