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Bangladesh joining BRICS

Bangladesh joining BRICS. What now?

https://www.tbsnews.net/economy/bangladesh-joining-brics-what-now-650650

As the BRICS looks to expand and Bangladesh hopes to join it in August, analysts have started weighing the gains from being part of the bloc that aims to create a new global order to counter the dominance of US and its currency dollar. Foreign Minister AK Abdul Momen on Wednesday said in Geneva that Bangladesh is likely to become a member of the BRICS in August this year. After a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa, Momen said the BRICS Bank had invited Bangladesh as a guest, adding that in the future it would invite Bangl

18 comments

SmokeInFog

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Why is this downvoted? I'm not a huge fan of BRICS either but this is certainly news worthy

ActuallyASeal

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No idea. I can see not up voting it. I think it's a bit of a non-story. Country looks to maybe join a group containing it's some of it large trading partners. This group might or might not do something on the future. Only interesting bit is it's the BRICS.

But a down vote just feels unnecessary. The story is factual. The source is fine. It might be relevant to someone.

modulus

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It's not maybe joining, it's definitely joining.

ActuallyASeal

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I just reread the article and still not convinced it's a definite joining.

Momen said the BRICS Bank had invited Bangladesh as a guest, adding that in the future it would invite Bangladesh to join in.

and

BRICS, which stands for Brazil, Russia, India, China, and South Africa, is actively considering its first enlargement in over a decade.

and

Countries such as Bangladesh, Saudi Arabia, the United Arab Emirates, and Indonesia are making progress toward joining the bloc.

Bangladesh is definitely invited to the summit in South Africa in August. But for the rest of it all I can say is it seems Bangladesh and BRICS are aligning towards each other. The goal of this alignment could be Bangladesh joining but countries are very deceitful on the international stage.

This could be posturing by either side for a variety of goals. Such as trying to get a lesser agreement by starting with with a large proposal and walking back slowly in negotiations, attempting to get concessions from a third party by threatening to take an action they dont like, shaping perception the relationship between the countriesnor something subtle and not as obvious.

Overall my opinion is countries do a lot of posturing and talk with no intention of actually following through. Until I see actual concrete action towards a goal I'm not going to trust countries to state their goals.

modulus

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I just re-read the article and, while I still think that it is a firm intention to join, it's less firm than I remembered it being.

The particular parts that make me think it's firm are:

Foreign Minister AK Abdul Momen announced that Bangladesh, along with Saudi Arabia, the United Arab Emirates, and Indonesia, has been invited to join BRICS. These countries are expected to join the group in August during a summit in South Africa.

And:

Bangladesh's decision to join BRICS, which groups Brazil, Russia, India, China and South Africa, with a share of global GDP surpassing that of rich nations' club G7, is seen as a move to diversify foreign relations and currency.

Both these suggest the decision has been made, on both sides, and it's a matter of finalising it.

But, it is not as definite as I remembered it. I suppose we'll have to wait until August to find out.

Krause

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Why is this downvoted?

It is imperative to keep pretending that BRICS expansion is just a nothing-burger and de-dollarization isn't happening, otherwise some people's entire worldview crumbles.

ImFresh3x

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I see 11 up 2 dow. There’s always gonna be about 10-30% downvotes.

SmokeInFog

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I forgot that federation means vote counts can be different for different instances. On mine it was sitting at -2 when I posted my comment

ImFresh3x

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I see. Ya that makes sense. I forgot about that too.

yogthos

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Rediquette is making its way to Lemmy apparently.

ToastyWaffles

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Can't wait for the neolib astroturfing to make it's way here too

purahna

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Down with the dollar

Valmond

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Euro ftw!

iridaniotter

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Foreign Minister AK Abdul Momen announced that Bangladesh, along with Saudi Arabia, the United Arab Emirates, and Indonesia, has been invited to join BRICS. These countries are expected to join the group in August during a summit in South Africa.

I was wondering when they'd finally decide whether or not to admit all these countries I had been hearing about. August will be quite exciting. 👀

Raphael

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Empires usually only last about 200 years, the USA is already 150 years old or so.

yogthos

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I imagine advances in communication and transportation technologies play a factor as well, we see things develop at a much faster rate today than they have in the past.

ToastyWaffles

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Can't wait for all the neolib astroturfing to make it's way here too

krolden

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Empire: The Next Generation