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Iran is intensifying its efforts to secure membership in the BRICS group ahead of the upcoming economic bloc’s summit. Mehdi Safari, Iran’s deputy foreign minister for economic diplomacy, has disclosed that the country is actively pursuing opportunities to bolster its economic relations with existing BRICS members, especially China, Russia, and India, with which it already maintains strong ties.

According to Safari, Iran’s pursuit of BRICS membership has encountered no significant obstacles. The country has officially submitted its request to join the economic group, comprising Brazil, Russia, India, China, and South Africa. Recent developments demonstrate Iran’s determination, with the Iranian foreign minister and the secretary of Iran’s Supreme National Security Council (SNSC) participating in BRICS meetings. Furthermore, President Ebrahim Raisi is expected to attend the upcoming BRICS leaders’ summit in Johannesburg, either in person or through videoconference, from Aug. 22 to 24, hosted by South Africa.

Iran’s emphasis lies in cultivating robust relationships with key BRICS member states, including China, Russia, and India. Additionally, the country is actively exploring opportunities to enhance its economic ties with other BRICS nations.

As the BRICS group garners interest from over 40 countries seeking membership, Iran’s bid is among the 22 formal applications received. Notably, South Africa has invited 69 leaders to the summit, primarily African heads of state and leaders of significant Global South bodies. However, Western countries have not been included in the invitation list.

President Raisi has been advocating for de-dollarization, asserting its importance in fostering a fair international system. As part of this initiative, Iran urged its central bank to move away from using the U.S. dollar in global trade and instead employ national currencies. The country also organized a meeting of nine Asian countries in May to discuss strategies for de-dollarization.

The future acceptance of Iran as a BRICS member remains uncertain, but the country’s proactive engagement and growing alliances with existing members could potentially pave the way for its inclusion in the economic bloc.

Frequently Asked Questions (FAQs) about BRICS membership

1. What is Iran’s current objective regarding BRICS?

Iran’s current objective is to become a member of the BRICS economic group and strengthen its economic ties with existing BRICS members, especially China, Russia, and India.

2. Has Iran faced any obstacles in its bid to join BRICS?

According to the Iranian deputy foreign minister for economic diplomacy, Iran’s membership in BRICS has faced no obstacles, and the country has officially requested to join the economic bloc.

3. Which leaders from Iran have participated in BRICS meetings?

The Iranian foreign minister and the secretary of Iran’s Supreme National Security Council (SNSC) have recently participated in BRICS meetings.

4. When and where will the upcoming BRICS leaders’ summit take place?

The upcoming BRICS leaders’ summit will take place from August 22 to 24 in Johannesburg, South Africa, which is also hosting the summit this year.

5. How many countries are seeking to join BRICS?

Over 40 countries have shown interest in joining BRICS, and 22 nations have formally applied for membership.

6. Who has been invited to the BRICS summit by South Africa?

South Africa has invited 69 leaders to the summit, including all African heads of state and leaders of major Global South bodies. Notably, no Western countries have been invited.

7. What is Iran’s stance on de-dollarization?

Iran’s President, Ebrahim Raisi, has been advocating for de-dollarization, asserting that it is key to achieving a fair international system. Iran has asked its central bank to shift away from using the U.S. dollar in global trade and rely on national currencies instead.

8. Which Asian countries participated in the meeting on de-dollarization hosted by Iran?

Iran hosted a meeting of nine Asian countries in May to discuss de-dollarization, but the specific countries involved were not mentioned in the text.

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4 comments

Max_007 August 2, 2023 - 4:05 am

i think iran’s push for brics membership could be a game-changer, bro. de-dollarization talk and inviting all the african heads to the summit, that’s bold!

Reply
Jenny August 2, 2023 - 8:09 am

iran wants to join brics huh? will they be accepted tho? seems like they’re tryna strengthen ties with china, russia, india. interesting stuff!

Reply
EconGeek91 August 2, 2023 - 4:14 pm

40+ countries wanna join BRICS? wow! good luck, iran! they already got strong links with china, india, russia, that’s a start!

Reply
@GlobalInsights August 2, 2023 - 5:18 pm

Iran’s determined to make it into BRICS. de-dollarization, national currencies, interesting strategies they’re bringing to the table!

Reply

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