1/1/24 Since January 1, 2024, BRICS has increased by 5 countries
On the first day of 2024, the decision made at the BRICS summit in August 2023 came into effect. According to it, the number of members of this union increased to 10. In addition to Russia, China, India, Brazil and the Republic of South Africa, — Egypt, Iran, UAE, Saudi Arabia and Ethiopia joined the organization from this day. Thus, BRICS includes countries that form the largest and fastest growing market on the planet, and the share of their total GDP in the world economy in 2021 exceeded that of the G7 association.
In the next wave of expansion of the union, such countries as Algeria, Bangladesh, Belarus, Venezuela, Pakistan and others are expected to join it.
Let us recall that the territory of the BRICS countries is included in the geography of activities of the Russian-Eurasian Business Broker (REAB Consortium).
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Looking for ideas on which businesses to invest in and in which markets it is profitable to buy a ready-made business? The REAB website has useful articles in the topic of "Market and Investment Niche Reviews".
