Algeria Requests to Join BRICS
China’s Foreign Minister Wang Yi welcomed Algeria's request to join the BRICS economic group, as an effort to join major powers.
This came during a meeting Saturday between Chinese State Councilor and Foreign Minister Wang Yi with his Algerian counterpart Ramtane Lamamra on the sidelines of the ongoing 77th session of the UN General Assembly in New York.
Russia had previously welcomed this step, which President Abdelmadjid Tebboune considered key to distancing Algiers “from the differences between the two global poles.”
Wi stressed that Algeria is a “great developing country and a representative of emerging economies.”
He said Beijing supports Algiers’ efforts to make the upcoming Arab League summit a success. Algeria is schedule to host the AL summit on November 1 and 2.
Wi added that his country “is ready to work with Algeria to play a constructive role in achieving global peace and development.”
Algeria has been looking for new economic and political alliances to replace its 2005 Association Agreement with the European Union, which it considers a “failed bet.”
BRICS group is composed of Brazil, Russia, India, China and South Africa. Beijing and Moscow cast it as a powerful emerging market alternative to the West.
The term BRIC describes the startling rise of Brazil, Russia, India, China. The BRIC powers had their first summit in 2009 in Russia. South Africa joined in 2010.
The group accounts for more than 40% of the world's population and about 26% of the global economy.
On September 7, Tebboune stated that his country is interested in joining the group given that it represents an “economic and political power.”
He pointed out that his country’s potential membership could “happen fast.”
He further stressed on Saturday that Algeria “seeks to raise its national income in a way that enables it to join the BRICS group,” noting that it is working to achieve this goal.
Tebboune pointed out that the government is determined to export $7 billion of non-hydrocarbon products by late 2022, which, according to his estimation, qualifies it to be part of the major powers.
Russia had previously welcomed this step, which President Abdelmadjid Tebboune considered key to distancing Algiers “from the differences between the two global poles.”
Wi stressed that Algeria is a “great developing country and a representative of emerging economies.”
He said Beijing supports Algiers’ efforts to make the upcoming Arab League summit a success. Algeria is schedule to host the AL summit on November 1 and 2.
Wi added that his country “is ready to work with Algeria to play a constructive role in achieving global peace and development.”
Algeria has been looking for new economic and political alliances to replace its 2005 Association Agreement with the European Union, which it considers a “failed bet.”
BRICS group is composed of Brazil, Russia, India, China and South Africa. Beijing and Moscow cast it as a powerful emerging market alternative to the West.
The term BRIC describes the startling rise of Brazil, Russia, India, China. The BRIC powers had their first summit in 2009 in Russia. South Africa joined in 2010.
The group accounts for more than 40% of the world's population and about 26% of the global economy.
On September 7, Tebboune stated that his country is interested in joining the group given that it represents an “economic and political power.”
He pointed out that his country’s potential membership could “happen fast.”
He further stressed on Saturday that Algeria “seeks to raise its national income in a way that enables it to join the BRICS group,” noting that it is working to achieve this goal.
Tebboune pointed out that the government is determined to export $7 billion of non-hydrocarbon products by late 2022, which, according to his estimation, qualifies it to be part of the major powers.