China News by Thebittimes.Com

BRICS expansion could be a major topic of discussion as the total number of countries expressing interest in joining the alliance is growing in 2025. The 17th summit is scheduled to be held on July 7 and 8 in Brazil’s Rio De Janeiro. The 10-member bloc will decide the future of the alliance, and all decisions will be based on consensus. Also Read: BRICS: 2 Countries Settle Oil Trade in New Currency, Discard US Dollar A BRICS expansion in 2025 could also accelerate de-dollarization as more countries look to end reliance on the US dollar. Apart from the sanctions, Trump’s recent tariffs are also making emerging economies distrust the White House policies. Read here to know how many sectors in the US will be impacted if BRICS ditches the dollar for trade. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future 44 Countries Show Interest to Join BRICS as Expansion Talks Grow in 2025 Source: ShutterStock Vietnam is the 44th country that has expressed interest in join...

The BRICS summit is scheduled to be held from October 22 to 24, 2024 in the Kazan region of Russia. The 16th summit will see nine countries at the table to discuss issues about trade and opportunities to use local currencies. Four new nations joined the bloc this year which includes the UAE, Egypt, Ethiopia, and Iran. Argentina rejected the membership while Saudi Arabia has kept the decision to join pending. Also Read: BRICS: 40 Countries Want To Ditch the US Dollar On the heels of the BRICS 2024 summit, more than 40 countries have expressed their interest to join the bloc. While around 25 countries have formally submitted their applications, nearly 15 nations have informally expressed their desire to be a part of the alliance. Most of these nations hail from Asia, Africa, and South America. Almost all the countries that are interest to join the bloc wants to end reliance on the US dollar and promote local currencies for trade. Read here to know how many sectors in the US will be affec...