In an interview with Bloomberg television, Merri stated that his country hopes to develop trade with its membership in BRICS and plans to allocate more capital to the New Development Bank (NPD) established by BRICS.
Arguing that the UAE’s participation in BRICS will not harm its relations with Western countries, Merri said, “Membership in BRICS will not constitute an axis against the United States. Participation in BRICS will also contribute to supporting the pluralism that the UAE offers to the world.” she said.
Pointing out that they are focusing on Southern countries, Merri said, “We have a lot of work to do and we will focus on the West as well. We want peace and prosperity. With that comes the economy and trade. Going to the global south is the most important issue we are currently focusing on.” made its assessment.
South African President Cyril Ramaphosa invited Iran, Saudi Arabia, United Arab Emirates, Egypt, Ethiopia and Argentina to join the international community (BRICS) in early 2024 at the BRICS summit held in his country on August 24.
Before the summit in Johannesburg, more than 40 countries announced that they were interested in joining the BRICS, while 23 countries had formally applied for participation.
More than 40 percent of the world’s population currently lives in the BRICS countries. While the BRICS countries accounted for 7.7 percent of the global economic production (GDP) in the early 2000s, this rate has been more than 25 percent recently. It is calculated that the impact of the organization will increase with the new members to be added and the said ratio will increase to approximately 30 percent.