The influence of the UAE on the BRICS signifies a brand-new era of worldwide collaboration.
- Get link
- X
- Other Apps
The entrance of United Arab Emirates to BRICS signals an important turning point in the country's global and economic policy. As part of BRICS membership along with Brazil, Russia, India, China and South Africa; UAE will have a significant say over global economic policies which could benefit developing nations worldwide. The BRICS Foreign Ministers have also released together a declaration concerning cooperation in food security.
An important consequence of the UAE’s membership to BRICS is the widening possibilities for diplomacy and business. While holding its Annual Investment Congress (AIC), UAE focused on the influence that BRICS states can generate for the world economy, accentuating on the need for cooperation and investing. Abu Dhabi not only joined the BRICS New Development Bank but also was present at other BRICS meetings as well as summits which gave it more importance within this group.
When the UAE joins BRICS, it will open a new age of global cooperation that comes with chances for better living standards, peace building, and rule making/domestic and international economy management to individual nations. Any country that is accepted as a full member of BRICS stands out as having the ability to fulfill the needs from basic to luxury goods production across wide regions.
Comments
Post a Comment