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Pakistan makes surprising move to join BRICS

TL;DR

  • Pakistan has formally applied to join the BRICS alliance, aiming for membership by 2024, and is seeking support from Russia to facilitate the process.
  • The bid faces potential challenges, particularly from India, a key member of BRICS, which may oppose Pakistan’s induction due to longstanding rivalries.
  • The global dynamics of BRICS expansion are further complicated by Argentina’s new president, Javier Milei, who opposes BRICS membership and favors the U.S. dollar, adding unpredictability to the alliance’s future composition.

In a strategic pivot, Pakistan has recently submitted its formal application to join the BRICS alliance, aiming to become a part of this influential bloc by 2024.

This move places Pakistan among six nations, including Saudi Arabia, the UAE, Argentina, Egypt, Iran, and Ethiopia, invited to join BRICS.

However, amid this landscape of geopolitical realignments, Pakistan’s bid is particularly notable, given its reliance on Russian support to expedite its entry into the alliance.

Pakistan’s Diplomatic Maneuvers and Challenges

Pakistan’s diplomatic outreach has been particularly focused on Russia, seeking its assistance to fast-track the membership process.

This effort is spearheaded by Pakistan’s newly appointed Ambassador to Russia, Muhammad Khalid Jamali, who has confirmed the country’s aspirations to join BRICS under President Putin’s tenure.

Pakistan’s keenness to integrate into this group underscores its desire to diversify its international alliances and strengthen its economic and diplomatic ties on a global stage.

However, Pakistan’s path to BRICS membership is riddled with potential roadblocks, especially considering India’s influential position within the group. As a long-standing rival, India’s opposition to Pakistan’s induction could pose a significant challenge.

Meanwhile, Russia’s Deputy Foreign Minister Sergey Ryabkov has expressed an interest in expanding the “circle of BRICS friends”, while China, another BRICS powerhouse, seeks to induct “like-minded partners.”

This diplomatic jigsaw highlights the intricate balance of power and interests within BRICS, where each member’s strategic ambitions and alliances play a crucial role.

Global Implications and Regional Dynamics

The global context of Pakistan’s bid to join BRICS is further complicated by developments in Argentina.

The recent high-voltage election victory of right-wing populist Javier Milei in Argentina has introduced an element of unpredictability into the BRICS expansion narrative.

Milei, riding the wave of anti-establishment sentiment, has promised substantial economic reforms, including a rejection of BRICS membership in favor of strengthening ties with the U.S. dollar.

His strong stance against BRICS, coupled with his plans to replace Argentina’s local currency with the U.S. dollar, signals a potential shift in the global economic alliances.

Milei’s criticisms of BRICS, especially his remarks against China and Russia, and his disapproval of BRICS inducting Iran, reflect the complex geopolitical considerations that new and potential BRICS members must navigate.

This scenario underscores the evolving nature of international alliances, where economic interests, political ideologies, and historical rivalries intertwine.

Pakistan’s attempt to join BRICS marks a significant moment in its foreign policy, reflecting a strategic shift towards greater economic and diplomatic diversification.

However, the journey towards BRICS membership is far from straightforward, with regional rivalries and global political dynamics playing pivotal roles.

As BRICS continues to evolve as a key player in the global economic landscape, the decisions of countries like Pakistan and Argentina will not only shape their own futures but also have far-reaching implications for the global economic order.

The unfolding of these events will undoubtedly be a subject of keen interest and analysis in the international arena.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Jai Hamid

Jai Hamid is a passionate writer with a keen interest in blockchain technology, the global economy, and literature. She dedicates most of her time to exploring the transformative potential of crypto and the dynamics of worldwide economic trends.

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