BRICS
According to the Azerbaijani Ministry of Foreign Affairs press service, Azerbaijan has submitted an application to join the BRICS organization.
BRICS (an acronym for Brazil, Russia, India, China, South Africa) is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, the UAE, Iran, Egypt, and Ethiopia.
The organization was founded in June 2006 during the St. Petersburg Economic Forum with the participation of the finance ministers from Brazil, Russia, India, and China.
Politics
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Azerbaijan has applied to join BRICS, the country's Foreign Ministry has reported. BRICS, originally known as BRIC before South Africa's accession in 2011, is a coalition of five rapidly developing countries: Brazil, Russia, India, China, and South Africa. The group represents 45% of the world's population and controls 28% of global economic output, exerting significant influence over global oil reserves. BRICS members meet annually to set priorities and make key economic and political decisions.
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