Argentina and Iran have applied to join to become members of the group of emerging economies known as the BRICS, according to officials.
The BRICS includes the world’s leading emerging market economies: Brazil, Russia, India, China, and South Africa, and is an acronym for those developing nations, which represent 42 percent of the world’s population and 24 percent of the global gross domestic product.
Iran’s membership in the BRICS group “would result in added values for both sides,” Iran’s Foreign Ministry spokesperson Saeed Khatibzadeh said on Monday, according to the Tasnim news agency. Khatibzadeh noted that while BRICS is not a treaty bloc, it has a “very creative mechanism with broad aspects.”…