Despite the ongoing geopolitical tensions that have emerged regarding the BRICS economic alliance, three new nations have been invited to the 2025 annual summit as the bloc eyes potential expansion. Indeed, the group could look to build off of its growing numbers in what is a critical year.
US President Donald Trump has sought to challenge the group, imposing 150% tariffs for its efforts to end the US dollar. However, that doesn’t seem to have phased the collective thus far. Brazil, its 2025 chairmanship holder, has reiterated the need to settle trades in currencies outside of the greenback.
Also Read: BRICS: Brazil Reiterates Need to End US Dollar, Will 150% Tariffs Follow?
BRICS Invite New Nation to the 2025 Summit: Is Another Expansion Imminent?
Over the last several years, the BRICS annual summit has been a key geopolitical event. Indeed, it has seen the group gather and expand their influence. In 2024, the bloc welcomed the presence of partner nations as its ongoing expansion efforts continued.
Now, it is set to face what is perhaps its most important summit yet. As tension with the US grows, BRICS has invited three new nations to its 2025 summit as it eyes even more expansion in the near future. Specifically, it could be set to expand its reach amid challenges with the West.
Also Read: BRICS Confirms Development of New Payment Systems in 2025
According to a new report, Brazil President Luiz Inacio Lula Da Silva has invited Mexico, Colombia, and Uruguay to the July summit. Currently, the bloc’s member nations constitute 40% of the world’s population. Yet, that could only grow this summer when the idea of further expansion is voted on.
It is worth noting that Mexico is among the nations hit with tariffs from US President Trump. Although they had been postponed, the import taxes were put into effect on the nation and Canada to start the month. In BRICS, the country could have a major ally amid the United States’ increasingly aggressive economic and foreign policy.