If approved to join BRICS, Türkiye will not be the only one to receive good news.

Earlier this month, Türkiye applied to join the BRICS group of leading emerging economies.

Regarding joining BRICS, Türkiye sees this as an opportunity to improve economic and trade cooperation with major developing economies. (Source: Getty Images)

In 2023, the International Monetary Fund (IMF) ranked Türkiye's economy as the 17th largest in the world.

The World Bank (WB) also affirmed that Ankara has a stable economic growth rate, averaging 5.4% per year in the 2002-2022 period and the poverty rate has decreased from more than 20% in 2007 to 7.6% in 2021.

In particular, with its strategic location - connecting the two continents of Asia and Europe, located between large seas such as the Mediterranean Sea and the Black Sea - Türkiye has become a "natural logistics center" for transporting goods between the Southern and Northern hemispheres.

Therefore, according to Sputnik news agency, if Turkey is approved to join, BRICS will receive good news. At the same time, when expanding its membership, the BRICS group's de-dollarization plan will be further strengthened.

Regarding joining BRICS, Ankara sees this as an opportunity to improve economic and trade cooperation with major developing economies, typically China and Russia.

Turkish President Tayyip Erdogan has been trying to attract investment from Chinese electric carmakers as part of his efforts to boost industrialization and improve the country's manufacturing capacity.

Moreover, joining BRICS also fits with the country's long-term goals of building a multipolar world – where Türkiye can play the role of an emerging middle power.

Source: https://baoquocte.vn/neu-duoc-chap-thuan-gia-nhap-brics-khong-chi-minh-tho-nhi-ky-don-tin-vui-285946.html