The world's map of global governance and security architecture is shifting, and BRICS is heeding the call for change, says academic Alessandro Arduino. Countries like Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, who have just been invited to join BRICS, seek to diversify their strategic options. This is in line with China's outreach to the global south and Russia’s need to combat international isolation, but the other BRICS members may have some hesitation.
It would be a mistake to think that the soon-to-be 11-member BRICS would unite to become a formidable coordinating force at the international level, says Lianhe Zaobao associate editor Han Yong Hong.
After making headway with French President Emmanual Macron last week, China is set to further its economic cooperation with Brazil’s President Luiz Inácio Lula da Silva, notably with the decision to use their local currencies for cross-border trade instead of the US dollar. While there is still a long way to go for RMB internationalisation, China has certainly upped its game.