An Italian report entitled ” Thoughts on Algeria’s Failure to Join the BRICS“, prepared by the researcher Marco Barato and published in the Italian newspaper “Mediterranean News”, expects that the Algerian request to join the BRICS group will be rejected, in view of the existence of ” economic rents “, of ” the total absence of indicators of diversification of the economy and other factors that distance Algeria from the context of global competitiveness.
The report, unveiled a number of economic factors that keep Algeria away from the dream of joining this economic group, the most important of which are undoubtedly, ” the absence of government projects to create an industrial fabric, a significant absence of local industries in the list of exports, the absence of the country from the financial arena and the continued use of an old tax system ».
The document adds that: Algeria is a country with a GDP per capita of $3,500, which the BRICS consider very low. Furthermore, GDP is measured exclusively on hydrocarbon revenues, while the GDP per capita of, for example, Argentina, which is among other countries wishing to join the BRICS, easily exceeds $10,000. “. The report indicates that “the focus of the Algerian leadership on keeping oil revenues in the spiral of armaments, because Morocco is seen as an external threat, is always with the aim of uniting the nation, which is an indicator that shows the seriousness of the political situation in this country ».
The researcher Marco Barato has shown that, “these combined indicators distance Algeria from the BRICS, and give signals to the Mediterranean countries on the reality of the situation in this country. It is also a clear warning about the importance of strengthening relations with other countries in the region,” particularly Morocco. Rome, which admittedly still remains quite far from Rabat, hopes that on the occasion of the next visit of the Italian Minister of Foreign Affairs Antonio Tajani, intends to get closer to the Kingdom.
The South African Foreign Ministry previously revealed that several countries had applied to join the BRICS economic group, including Morocco and Algeria, but official Moroccan authorities have yet to comment on the matter. It should be noted that other reports identical to that of the researcher Barato also revealed the existence of ” Algeria’s difficulties in the face of Algeria’s membership of the ‘BRICS’, the most important of which is the modest GDP“.
However, the Algerian president intends to relieve the Algerian state coffers of a billion and a half dollars at the new BRICS development bank in the event of acceptance of his country’s request. He recently confirmed that the GDP of his country exceeds 200 billion dollars “. Yes!
The BRICS summit, which includes South Africa, India, Brazil, China and Russia, will be held on the 22nd of this month, during which the group is expected to decide on membership applications from 20 countries. . Russian President Vladimir Putin is not expected to attend this summit due to the international arrest warrant issued against him by the International Criminal Court (ICC), in the context of events in Ukraine. He will be represented by Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation. The economic group “BRICS” aims to establish a new world economic order that puts an end to the “hegemony” of the industrial countries of the Group of Seven, led by the United States of America.
Algeria benefits from the support of the BRICS and has obtained the agreement of the group for the ” first phase said the Algerian President a fortnight before the BRICS summit in Johannesburg. ” We have agreed that accession should begin with a first phase, that of a State, observer member “, he had announced in a monologue as a television interview with Algerian media, adding: “ What encourages us is that the BRICS players support us, like Russia, China, South Africa and even Brazil ». The dream is not forbidden.
