Turkiye's BRICS application shows attractiveness of grouping

Turkiye has reportedly submitted a formal application to join BRICS, which, if approved, would add another important emerging economy to the grouping.

Since its establishment in 2006, BRICS has always served as an important platform for promoting cooperation among emerging markets and developing countries.

On Jan 1, the BRICS mechanism admitted Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members, marking the further internationalization and diversification of the cooperation mechanism.