Ethiopia officially applies to join the BRICS Cooperation Mechanism, experts are optimistic about the future development prospects, Bangladesh | BRICS | Countries
Recently, Ethiopia, Saudi Arabia, the United Arab Emirates, Egypt, Bangladesh and other countries have submitted applications to join the BRICS Cooperation Mechanism. The Ethiopian Ministry of Foreign Affairs announced on the 29th of last month that Ethiopia has officially applied to join the BRICS Cooperation Mechanism. Ethiopian scholar Balu Demisi stated in an interview with China Central Television on the 2nd that the BRICS cooperation mechanism is crucial for developing countries.
Balu Demisi, a policy researcher at the University of Addis Ababa: We need a multipolar world, which is one of the reasons for the formation of the BRICS cooperation mechanism. In addition, the BRICS cooperation mechanism also includes assistance rather than sanctions or domination. Together with developing countries, make reasonable use of their platforms to promote cooperation in a win-win manner and achieve the future of a community with a shared future.
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Ethiopia is the largest economy in East Africa, and research shows that trade volume between Ethiopia and the BRICS countries has grown rapidly in the past few years. Demisi believes that joining the BRICS cooperation mechanism will bring more development opportunities to Ethiopia.
Balu Demisi, Policy Researcher at the University of Addis Ababa: For example, political benefits, cultural benefits, but also trade or business benefits. Economic development is a crucial link, and if Ethiopia successfully joins the BRICS cooperation mechanism, we will achieve economic integration and development with neighboring countries and other developing countries.
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