North American Countries Start Applying For BRICS Membership
The BRICS alliance received applications for membership from countries in Asia, Africa, South America, and Eastern Europe. For the first time, BRICS has officially received an application to join the bloc from a developing country in North America. This puts the spotlight on the US as neighboring nations are finding the de-dollarization agenda lucrative. Also Read: BRICS Country Rejects De-Dollarization, Embraces the US Dollar Around 48 countries have now applied to join BRICS before the October 2024 summit. While 27 countries have formally applied to join the alliance, 21 nations have informally expressed their interest in BRICS membership. Read here to know the major sector that will be impacted if BRICS ditches the dollar for trade. Also Read: BRICS: 12 Countries Ditch US Dollar, Pay 85% Trade in Local Currencies BRICS Membership: North American Country Cuba Applies to Join Alliance Source: The National Interest The North American country Cuba has officially applied for BRICS member...