u. e a. ron and e. c. o b a are all set to be admitted to the alliance and january 2024. the expansion will bring the number of breaks members to 11. well also increasing the block share in global g d p to 37 percent. the group will also encompass nearly half of the world's population further boosting intentions to give the global south a stronger voice in international politics. we highly appreciate the approval of breaks leaders for inviting the you a to during the conversation. breaks is preparing to play a more pivotal role in creating the international agenda and setting level priorities in the upcoming years in disregard. it is important to emphasize that the u. e. is one of the most key trade in investment partners of breaks member states. but said, i'd like to welcome to step taken today, but break to expand its membership, which i believe will help them make their inundation more effective and capable of expressing insights at the international level. during the past few years, egypt has been keen to strengthen its relationship with race countries, webpage space,

u. a. e, ron, and e. c. o p, a are set to be admitted to the alliance. in january 2024. the expansion will more than double the size of the bricks club while increasing the block share in global g. d p to 37 percent. the group will also encompass nearly half the world's population boosting its goal to give the global south a stronger voice and international politics. they heard from omar, all bassetti and variety of global schafer, who says in succession is a landmark occasion for the u. a. e. it is just another milestone that the u. e has managed to achieve in such a short period of time as you know, the way he is just over of 50 years old. and one of the biggest statements that was made on the anniversary of the 50th a 50th anniversary of the night that much was that the u. e wants to increase it. it's you what you centennial plan 20 some if you want, which is what is the next 50 or plan going to look like. and one of the biggest point that was mentioned there was to diversify it's economic partnerships across the world. so yes, you've seen a very strong relationship b

the group invites and 6 nations, saudi arabia, u a e, ron egypt, ciocca and argentina, to join brakes. the brick summit was held after the us, japan and south korea agreed to expand security and economic ties. before we go any further, a refresher course on what is brakes. the acronym was coined by former goldman sachs chief economist jim o'neil, back in 2001. it started actually as brick, which grouped together for the largest and fastest growing economies at the time, brazil, russia, india, and china. while the quartet ran with the idea later, they invited south africa to join, and that's when brick became brooks. the grouping relies on the combined economic power of its members to counter wait west and form such as the g 7, a group of 7 to advance nations. brooks nations represents 42 percent of the world's population, just above a quarter of global gross domestic product. and a 5th of all trade, their total gdp and purchasing power parity terms is actually bigger than that of the g. 7. brooks represents 32 percent of global g d p compared to just under 30 percent for the g 7. and

embrace the following months of rumors and speculation, argentina, egypt, if you'll see a ron saudi arabia, the u, a e, are set to join the block in january 2020 for the expansion more than doubles the size of the bricks club. while increasing the block share in global g d p to 37 percent, the group also encompass nearly half the world's population boosting its goal to give the global south a stronger voice in international politics. we've heard from 80 solomon, executive director of the error center for research and studies who says that bricks membership gives huge opportunities for egypt. it's a, has a new sense for is to make it safe for bliss. it's thrown in the league and it's 0. and after the car and the at the counter store, it's been, it is as and the best to make a new road is to bite the students into it. so the nation was a russia. and so, you know, i did, it will make use of the game ends up front of the it does the opposite, isn't we know, is it so far from the corner of the crisis, but it has, it's thrown as a but it's because a 5th of a country and it can make many benefits from being

and of course you got the membership in the bank by u a. e. ron. and of course, the, the, but you're glad that's currently in the process of finalizing its membership. so this, in the sense tells you that this something affect you. and so if you want to believe that it hasn't done anything, it's, it's, it's, it's, it's not. so it kind of go back and say, well at this summit we're going to go based simple, vacant, but very kind of, you know, wherever we want to be, i think you're going to see some key issues come up. but to clear on whether the criteria that is going to be put forward to the, to the deed as to the, i think tomorrow of the day after around the criteria for membership. but also in terms of the global financial architecture and around the use of local currencies, i don't think a big currency is going to be on the agenda. that's just a complete misnomer that is producing around the narratives. but it's not a bridge currency. it's about using national currencies and how natural countries are going to be us can for localize in a big state

embrace of the following months of rumors and speculations, argentina, egypt, ethiopia, ron's, buddy, arabia and the u. a e are set to join, breaks in january 2024. this is the blocks 1st expansion in 13 years and according to its current leaders, not the last 6 new members will significantly increase the organization size and share and the global g. d. p. berks is now expected to account for 37 percent of the global g. d p. 50 percent of the world's population, and over 40 percent of the global oil production. russian president vladimir putin in his speech as a form said bricks is not competing with any one. commenting on the new members to be admitted, south africa as president. so run a post, a said the group has embarked on a new chapter in its effort to build a world that is fair. just inclusive and prosperous. we heard from haiti, solomon, executive director of the arabic center for research and studies. it says, bricks, membership will bring huge opportunities for egypt. it has a new sense for egypt to make it safe for the bless. it's their own ends, our lives, and it's their own. and after the car

p. away the nuclear deal that was signed between a ron the united states and the other members of the un security council, as well as the e. u in germany. that deal was supposed to lead towards lessening sanctions against a ron. but since it has fallen apart, tensions have only gotten worse between the west and around the united states. in particular has accused iran of attacking ships and boarding ships in the persian gulf. the united states has sent troops to the region in an attempt to, uh, uh, uh, it's an attempt to get them not to do that going forward. the united states has also been wrapping up it's true presence and accusing a ron of an estimate accusing a ron of supplying drones to russia as well. so anything that gets the countries together, as i said, is seen as a positive step forward, but will it be enough to bring the parties back on these bigger issues of the nuclear deal of shipments to russia? that remains to be seen in kristen. thank you very much indeed, kristen. so let me at the united nations headquarters in new york. but let's take a look at how this deal ties in to the bigger picture of the 2015 iran n

all you, ron and i just seen the saudi arabia, the u. a. e and your yeah. and must say lost. it has come out of the office at one decision, of course, on the expedition quickly have a look and hear what the prism puts and have to say about that. in the see the president literally just silver know just in points the most important for all of us among which i was single have the issues to be supplemented the single currency . this is a difficult issue, spots we will move forward in solving these problems. the 2nd one concerns the organization of the payment between not countries in the economic field. i would like to congratulate on new members who will all be working together next year. i want to assure a colleagues that we will continue to expand the influence of breaks in the well now the important to note that we need to take notes off is the fact that to the meet the lead is to say that to the corporate, he's open to more countries joining going forward and in the future. this is of course, as often the 23 countries officially apply that to join the group. and nicole and a

we do not want to repeat this mistakes, embrace a following months of rumor and speculation, argentina, egypt, saudi arabia, the u. i. e, ron and ethiopia are sent to be admitted to the alliance in january 2024. the expansion more than doubles the size of the berks club while increasing the block sharon global, g d p 237 percent. the group will also encompass nearly half of the world's population boosting its goal to give the global south a stronger voice in international politics. they heard from said mohammed mirandi and ran in a political analyst and academic who says the expansion will have a long term global impact. i don't think they're going to be any overnight changes in the lives of iranians or on the lives of people and other member states of breaks. but as these countries move closer to each other, as they coordinate economic policy as the enhanced trade and develop institutions, cultural, political as well as economic institutions. and as they get to understand each other's economies and potentials better, the lives of the people in these countries will begin to improve. and i think in the long run, it will have

all you, ron and i can seen the saudi arabia, the u. a. e and your yeah. and must say lots that has come out of the office that one decision, of course, on the expedition to quickly have a look and hear what the prism puts in have to say about that. i would like to congratulate on new members who will all be working together next year. i want to assure your colleagues that we will continue to expand the influence of breaks in the while. we're not that important to note that we need to take notes off is the fact that to the meat is deleted. it does say that the pool is open to more countries joining, going forward and in the future. this is of course, as of to 23 countries officially applied to join the group and, and you cool. and then a number of those 23 was also stated to have shown interest, but unofficially, and i guess they did not to reach out to the members of the group or the principles of the bricks. nation. i know this all, of course, highlighting the fact that all of these new countries of a big a powerful opiate plus members that just goes to