With the 15th BRICS Summit set to take place in Johannesburg, South Africa, on August 22-24, there is increased speculation about which countries are seeking to join the group and their chances of gaining permanent membership.
Algeria is one of the countries that is seeking to join BRICS. President Abdelmadjid Tebboune has expressed his country’s interest in joining the group on several occasions, and most BRICS leaders have welcomed the idea.
Algeria has a number of factors that would make it a valuable member of BRICS. The country has a large population of over 40 million people, a growing economy, and a significant amount of natural resources, including oil and gas. Algeria is also located in a strategic position in North Africa, making it a potential gateway to the European Union and other markets.
In addition to its economic and geographic advantages, Algeria has also made a number of reforms in recent years that have made it more attractive to foreign investment. These reforms include a new investment law, a banking reform law, and a currency exchange law.
Algeria is confident that it has the necessary qualifications to join BRICS. The country is committed to working with the other BRICS members to promote economic growth and development in the global economy.
The 15th BRICS Summit will be an important opportunity for Algeria to showcase its strengths and make its case for membership in the group. If Algeria is successful, it will gain a seat at the table with the world’s major economies and have a greater say in shaping the global economic agenda.
Here are some of the key factors that Algeria will be highlighting at the BRICS Summit:
- Algeria’s large population and growing economy
- Algeria’s significant amount of natural resources, including oil and gas
- Algeria’s strategic location in North Africa
- Algeria’s recent reforms that have made it more attractive to foreign investment
- Algeria’s commitment to working with the other BRICS members to promote economic growth and development in the global economy
If Algeria is successful in its bid to join BRICS, it will be a major boost for the country’s economy and its international standing.
