Ethiopia’s BRICS Membership ProcessAfter holding dozens of successful meetings and summits in the last decade, increasing the economic status and leading trade capabilities of BRICS, Ethiopia’s interest in accompanying or participating in BRICS Plus has increased. Given Ethiopia’s growth model based on infrastructure investment, public investment by BRICS members will stimulate economic growth in 2027-24. By membership in BRICS, Ethiopia wants to increase trade with domestic, on-US Dollar currencies, minimize costs, and develop e-commerce. BRICS assistance in achieving Ethiopia’s development goals and prospects, improving and increasing tourists from the main and new BRICS countries will be part of other effects of joining BRICS. The Ethiopia – BRICS VisionThere are barriers to doing business in Ethiopia, and the country needs a strategic vision document to create macroeconomic and political stability for business growth and better absorption of BRICS countries.

Source: Ethiopian News September 06, 2023 12:38 UTC