BRICS trade surges by half – Bloomberg ...News

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BRICS trade surges by half – Bloomberg
Six more nations are expected to join the group in January 2024 The five current members of the BRICS group increased trade by 56% from 2017 to 2022, reaching some $422 billion worth of turnover last year, Bloomberg reported on Friday. BRICS currently comprises Brazil, Russia, India, China, and South Africa, but will be joined by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE this coming January. The decision to accept the new members was made during the group’s August summit in Johannesburg. According to analyst estimates, the expanded group will represent nearly half of global output by 2040, doubli

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