Former Assistant Foreign Minister of Egypt: BRICS expansion will provide a strategic framework for new global economic and political development Egypt | BRICS | Economy
On August 26th local time, the online website of the Egyptian newspaper "The Pyramid" published a signed article by former Egyptian Assistant Foreign Minister Mohammad Hijaz positively evaluating the expansion of the BRICS. Hijaz believes that the expansion of BRICS membership will provide a strategic framework for new global economic and political development, opening up new windows for trade and investment among countries within the BRICS cooperation mechanism. Countries can interact equally with other partner countries based on common interests.
After the expansion of the BRICS, it will strengthen Egypt's position in communication with financial institutions and influential countries, and strengthen Egypt's role as a representative of interests in Africa, the Arab world, and developing countries. The future development prospects of Egypt's national economy will be even broader, and it will be more capable of coping with various economic challenges. After the expansion of the BRICS, it will help third world countries reach more equitable agreements on issues such as debt, policies of exploitative financing institutions, food and energy security at the international negotiation level.
The expansion of the BRICS will provide more investment opportunities for its member countries and developing countries. The Third World is facing problems such as debt, increasing poverty, terrorism, and illegal immigration. It must seize the opportunities provided by the expansion of the BRICS and actively become a member who fully participates in policy-making, in order to find ways to benefit from it.
The expansion of BRICS membership will also open the door for member countries to resolve issues through diplomacy and peaceful means, which is conducive to bridging some of the differences within member countries. The expanded BRICS cooperation mechanism will provide a historic opportunity to change existing international relations.