BRICS is significant organization for South Caucasus region, senior advisor says

BRICS is significant for the South Caucasus region due to the membership of two major regional states, Iran and Russia, senior advisor at the Center for Analysis of International Relations (AIR Center), Shahmar Hajiyev, said at the event themed on Azerbaijan and BRICS: opportunities and prospects, Report informs.

According to him, today, the share of BRICS+ countries in the global GDP is 37.3%. "By 2040, this figure is expected to reach 45%. BRICS members have a total population of 3.5 billion, or 45% of the world population live in member countries of this organization. At the same time, 28% of the global economy falls to BRICS," Hajiyev noted.

BRICS was founded in 2001 and is an intergovernmental organization that includes Brazil, Russia, India, China, the Republic of South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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