Algerian President Abdelmadjid Tebboune has suggested that his country could join the BRICS economic group.
BRICS is an economic bloc of developing countries which includes Brazil, Russia, India, China and South Africa.
Algeria’s president said the club was an “economic and political power” that permitted to “move away from the attraction of the two poles” adding that Algeria meets “a good part” of the economic criteria for joining the bloc.
BRICS members currently account for nearly a quarter of the world’s gross domestic product representing about 42% of the world’s population and accounting for over 31% of the world’s GDP.
Tebboune who participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of “selfish actions” from the West noted that good news could quickly come but events shouldn’t be anticipated.
According to a senior French economist, if Algeria is a heavyweight in the region, notably for its energy resources which are of great interest to Russia and China, the process of Algeria’s entry into the BRICS could be very gradual given the global geopolitical instability.