Tehran (IP) - In a bid to forge new avenues of cooperation, Tehran played host to the conference titled "Iran and BRICS, prospects for cooperation." As the event kicked off, the Deputy Minister of Economic Diplomacy at Iran's Ministry of Foreign Affairs, Mahdi Safari, delivered an opening address emphasizing the potential for collaboration between Iran and the influential BRICS alliance.

Iran PressIran News: BRICS, which comprises the economic powerhouses of Brazil, Russia, China, India, and more recently, South Africa, has become a formidable player on the global stage. The conception of the BRICS consortium took shape during the mid-1990s, a period marked by American unilateralism. It emerged as a counterbalance to the prevailing economic dynamics, encapsulating the aspirations of the four emerging giants.

Addressing the gathering, Safari highlighted the untapped reservoirs of cooperation that could be harnessed by connecting BRICS with non-member nations, with Iran firmly in its sights. Despite facing the headwinds of economic sanctions, Iran stands as a reservoir of potential in domains ranging from energy and knowledge-based industries to transportation. The panels scheduled for the day sought to delve deeper into these very capacities, unveiling Iran's latent strengths that could enrich the collaboration with BRICS.

The BRICS narrative has evolved significantly since its inception. From its first official summit held in Russia in 2009, the alliance has grown both in influence and stature. South Africa's inclusion in 2011 marked a watershed moment, extending the alliance's reach into the African continent. The group's 2013 summit, hosted by South Africa, reinforced its intent to be a powerful and inclusive economic force.

A pivotal development in the BRICS journey was the establishment of the BRICS Bank in 2015, known as Tehsehe Navin Bank. This financial institution underscored the alliance's commitment to shaping its destiny, enabling self-determination and financial resilience. The BRICS economies collectively contribute an impressive 31.5 percent to the world's GDP, outpacing traditional economic heavyweights like the Group of Seven.

Beyond economic prowess, the BRICS nations command a vast geographical expanse and a staggering share of the global population, accounting for 40 percent of humanity. This demographic strength lends the alliance not just economic clout but also a platform to address complex global challenges, from sustainable development to political stability.


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