TEHRAN, Aug 26 (NNN-IRNA) – Iranian lawmakers said, the country’s accession to BRICS will help improve its economy, and is an important step to offset the negative impact of U.S.-led sanctions.
It was announced at the 15th BRICS Summit held in South Africa, that six countries, including Iran, Argentina, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates, have been invited to join the bloc, and their membership will take effect on Jan 1, 2024.
Alireza Salimi, a member of the Iranian parliament’s presiding board, said, Iran’s membership of the Shanghai Cooperation Organisation (SCO) and BRICS, an acronym for five major emerging economies, namely Brazil, Russia, India, China, and South Africa, “is an outcome of the incumbent administration’s active diplomacy, and an important step towards neutralising the U.S. sanctions.”
Shahriar Heidari, a member of the Iranian parliament’s National Security and Foreign Policy Committee, said, Iran’s membership in BRICS will contribute to the ongoing effort to de-dollarise the world economy.
The lawmaker said, similar to its admission to the SCO, Iran’s membership in BRICS will have positive political and economic effects on the country and grow its geopolitical influence.
By joining BRICS, Iran will be able to improve its economic relations with other countries, reduce the impact of sanctions, curb its inflation to a great extent and increase the national currency’s value against the dollar, Heidari said.
Speaking to the Iranian parliament’s ICANA news agency yesterday, Abbas Moqtadaei, vice chairman of the parliament’s National Security and Foreign Policy Committee, hailed Iran’s accession to BRICS, as a success for the country’s foreign policy and said, it would have a positive effect on the economy, trade, banking, and monetary sectors.– NNN-IRNA
