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Ethiopia's Participation in BRICS Crucial for Country, MP Says

© Sputnik . / Go to the mediabankBRICS International School - 2020. Competition of young scientists-brixologists. Day two, October 6, 2020.
BRICS International School - 2020. Competition of young scientists-brixologists. Day two, October 6, 2020. - Sputnik Africa, 1920, 18.05.2024
The MP's comments came during a discussion on "Ethiopia’s entry to the BRICS and its role in South-South Cooperation: Benefits, Challenges and Prospects," held at the Ethiopian Civil service University, in Addis Ababa.
BRICS will be crucial for Ethiopia to expand its global diplomatic relations and enhance economic cooperation, said Dina Mufti, member of the Standing Committee on Foreign Relations and Peace Affairs at the Ethiopian House of People's Representatives, as quoted by local media.
Dina Mufti confirmed that the discussion mainly focused on the potential benefits of joining BRICS for Ethiopia in the areas of trade, tourism, financial support, and technology, among others.
As the member countries of the bloc have a principled relationship with Ethiopia, it will be crucial for the country to receive support that can boost its economy, including from the BRICS New Development Bank, the lawmaker added.
Earlier, Ethiopian Prime Minister Abiy Ahmed described his country's entry into BRICS as "one of the biggest diplomatic victories in the last few decades."
In early May, Ethiopian Finance Minister Ahmed Shide remarked that BRICS can enhance South-South cooperation in trade, technology, and infrastructure development realms and noted that his country is "proud" to be part of the bloc.
BRICS - Sputnik Africa, 1920, 02.05.2024
Sub-Saharan Africa
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On January 1, 2024, Brazil, Russia, India, China and South Africa were joined by Ethiopia, Iran, Saudi Arabia, the United Arab Emirates and Egypt as new full members of BRICS.
With the addition of the new members, the BRICS has grown to 10 countries with a population of 3.6 billion - nearly half the world's population. The countries account for more than 40% of global oil production and about a quarter of global merchandise exports.