Five new nations – Saudi Arabia, United Arab Emirates, Egypt, Ethiopia and Iran– have been welcomed into the BRICS bloc. The now ten-member strong BRICS+ group is raising its ambitions by expanding both its geographical reach and economic power.
The inclusion of new members primarily strengthens the group’s capacity to influence the global energy and infrastructure landscape. Besides this, the alliance is pushing for more intra-bloc trade, increased trading and financing in local currencies and reduced dependency on the US dollar.
What risks and opportunities lie ahead as BRICS+ countries present a more unified voice on the world stage? Find out in this Executive Global Insight report where we outline the potential implications for cross-border trade and Swedish exports.
ABOUT THE REPORT
The report series Executive Global Insight is published by Business Sweden to give Swedish business leaders a regular deep-dive into the most important trends in cross-border trade.
The reports help decision makers break down risks and opportunities and provide actionable insights, drawn from the knowledge and expertise of Business Sweden’s global advisors based in more than 40 markets worldwide.
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