China backs, but no consensus on admitting Pakistan into BRICS

Pakistan's bid to join the China-backed Brics group, comprising Brazil, Russia, India, China, and South Africa, faces hurdles as existing members are not in consensus. Russia, the current Brics President, appears hesitant about Pakistan's inclusio...

Reuters
An attendant is stands next to South African, Indian, Russian, Brazilian and Chinese flags during a plenary session of BRICS Summit, in Xiamen, China September 4, 2017. REUTERS/Tyrone Siu. (File Photo)
China-backed Pakistan's Brics candidature has evaded consensus among the group's existing members, who represent global economic heavyweights and developing nations.

Russia, which holds the current Brics Presidency, seems lukewarm about Pakistan's desire to join the Brics. Sources told ET that Brics was expanded in 2023 and a fresh expansion is unlikely in near future even as a Brics partnership model is being developed

Sources said any move to include a new member requires consensus among the existing members and currently there is no consensus on Pakistan's aspirations. Besides, Pakistan with a fledgling economy, does not fit into a group of top and emerging economies, they pointed out.


Pakistan could enter the Shanghai Cooperation Organisation (SCO) based on China's push. Russia had pushed India's entry into SCO and the move was backed by two Central Asian states - Kazakhstan and Uzbekistan. However, criteria for entering Brics and SCO are different. Besides, unlike SCO, India is the founding member of Brics and its view is important in any further expansion of the group.

At the Summit held in South Africa last year, UAE, Saudi Arabia, Egypt, Iran, Ethiopia, and Argentina joined Brics, taking total membership of the grouping to 11. Later, following the election of the new President, Argentina withdrew from Brics and total members now stand at 10. Besides Brics members, the Brics Bank (New Development Bank) comprises UAE-Egypt-Bangladesh-Uruguay as members.

Russia has announced that around 30 countries have expressed interest to join Brics as partners that according to Moscow underlines the significance of the plurilateral.
ADVERTISEMENT

Addressing a session of United Russia's Commission on International Cooperation and Support for Compatriots Abroad last December, Russian Foreign Minister Sergey Lavrov said the aspiration of many countries to become closer with the five-nation bloc comprising Brazil, Russia, India, China, and South Africa is natural given that Brics is operating on a genuinely democratic and mutually respectful basis.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › China backs, but no consensus on admitting Pakistan into BRICS
Text Size:AAA
Success
This article has been saved

*

+