brics alliance 2023 | BTCC Knowledge

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BRICS, an acronym for Brazil, Russia, India, China, and South Africa, has emerged as a significant economic alliance rivaling the G-7. It aims to strengthen cooperation among emerging economies in a multipolar world. Recently, Iran, Saudi Arabia, Egypt, and three other countries were invited to join the bloc at the BRICS Summit 2023, expanding its influence and diversity. This alliance is seen as a counterweight to traditional economic powers and is gaining attention globally.

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