BRICS and Its Expansion
BRICS, originally formed by Brazil, Russia, India, China, and South Africa, has been expanding to include countries like Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. This expansion reflects growing dissatisfaction with the Western-dominated economic order and a search for alternatives that offer greater autonomy and influence on the international stage.
Canada’s Role in Global Relations
Canada, traditionally an ally of the United States and a G7 member, has faced challenges in its trade relations with the U.S., especially after high tariffs imposed by former President Donald Trump. These developments have led Canada to reconsider its alliances and explore new strategic partnerships.
Canada’s Interest in BRICS
Although there is no official confirmation that Canada has applied to join BRICS, there is speculation about a possible interest in strengthening ties with the bloc. Growing tensions with the U.S. and the desire for economic diversification may motivate Canada to consider BRICS as a viable alternative to strengthen its position in global trade.
Implications for Canadian Trade and Foreign Policy
Closer ties with BRICS could offer Canada access to new markets and investment opportunities. However, questions arise about democratic values and human rights, especially concerning some BRICS members. Canada would need to balance its economic interests with its ethical and political commitments when considering deeper collaboration with the bloc.