[Economics] Algeria officially requests to join the BRICS group

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An official at the Algerian Foreign Ministry said that her country has submitted an official application to join the "BRICS" group, which includes the most prominent emerging economies, namely Brazil, Russia, India, China and South Africa.

Leila Zerrougui, the special envoy in charge of major projects at the ministry, explained that Russia and China welcomed Algeria's accession, and that South Africa, Brazil and India are currently studying the accession file before deciding on it.

Zerrougui revealed that the President of the Republic, Abdelmadjid Tebboune, officially submitted Algeria's request to join the BRICS organization, and in an interview with local media at the end of last July, Tebboune said that Algeria is interested in joining the BRICS group, which is a political and economic force.

Tebboune added, "Algeria has most of the conditions required to join the BRICS group. We do not anticipate matters, but, God willing, there will be good news on this issue."

In turn, Foreign Minister Ramtane Lamamra said in a press conference held on the ninth of last October that his country has the ability to provide added value to the BRICS group.

BRICS group..important information
The BRICS Forum is an independent international organization whose members say they encourage political, economic and cultural cooperation among themselves. The BRICS countries represent 40% of the world's area, contribute a quarter of the global GDP, while their po[CENSORED]tion is about 40% of the world's po[CENSORED]tion.

The first core of what is now known as the BRICS countries was formed in 2001, by Brazil, Russia, India and China, then called the "BRIC" countries, then South Africa joined them.

Followers of the bloc see the establishment of the bloc as a step to create a parallel entity to the G7, which includes the United States, Canada, Germany, Britain, France, Italy and Japan.

 

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