BY: Hana Saada
ALGIERS- Algeria is advancing with sure steps towards joining the BRICS group (Brazil, Russia, India, China, South Africa), and marks one of its first activities within this group, by taking part, next December, in a legal forum with the participation of up to fifteen countries.
Indeed, Algeria will participate alongside the five members of the BRICS and up to fifteen countries in a legal forum, slated for December in South Africa, as announced, in New Delhi, Alexei Klichin, Chairman of the Committee on Legal Issues of Contemporary Integration Processes.
During this forum, participants will examine the creation of a mechanism for resolving legal problems in connection with the Bank of Brics (now called New Development Bank), further explained the same official.
“This is the first time that representatives of Brics+ will meet as an extended committee,” added Mr. Klichine, noting that “the agenda for the meeting will be agreed by May”.
The BRICS+ brings together under one roof, in addition to the five member countries of this group, up to fifteen countries, including Algeria, Argentina, Egypt, Ethiopia, Indonesia, Iran, Malaysia, Senegal and Thailand.
Tunisia and Saudi Arabia have expressed their willingness to join this group of developing countries.
Observer member
Algeria, which knocked on the door of the Brics group by submitting an official request for membership, expects to join the group as an observer member before becoming a full member after having met the conditions required by this economic pole, said the President of the Republic, Abdelmadjid Tebboune.
In a podcast broadcast by the Qatari news channel Al Jazeera, Abdelmadjid Tebboune explained that this approach would strengthen the national economy, stressing that “Algeria will take other initiatives with stronger economies”, adding that “banks and investments in the Brics will make it possible to further strengthen Algeria economically. Even politically, as a country of the non-aligned movement, we are close to this pole,” he noted.
