Today, Wednesday, Zainab Juma Al-Mousawi, a spokeswoman of the Sadiqoon Parliamentary Bloc, urged the government to file a proposal to join the worldwide BRICS organization.
According to Al-Moussawi, “part of the BRICS group’s importance is its possession of oil, wheat, and widely used minerals such as iron, or rare metals used in technological industries.”
“Iraq’s accession to the BRICS group, like the accession of Arab and regional countries, comes because it is critical for the Iraqi economy in breaking free from the dominance of the US dollar and liberating the country from Washington’s financial and trade restrictions,” she added.
She stated, “the BRICS group has become one of the most important economic blocs in the world, due to the growth figures achieved by this bloc’s countries over the years, which has made it the focus of attention of many other countries.”
It is worth noting that the BRICS group and the countries currently under its umbrella, which are Russia, China, India, Brazil, and South Africa, present themselves as an economic bloc seeking to break the West’s dominance over the global economy, and many economists expect it to be a symbol of the world’s fastest growing economies in the near future.
BRICS is a global economic bloc founded in September 2006 on the fringes of the United Nations General Assembly in New York by the foreign ministers of Brazil, Russia, India, and China.
This group has become one of the most important economic blocs in the world as a result of the countries in this bloc’s growth figures over the years, as it aims to become a global economic power capable of competing with the Group of Seven (G7), which accounts for approximately 60% of global wealth.