The Mexican Ministry of Foreign Affairs has dismissed media rumors about Mexico joining BRICS as unfounded. An official statement clarifies that Mexico has not submitted an application to become a BRICS member, and there is no verifiable information supporting claims of a 2024 accession. The ministry added that Mexico continues to follow BRICS developments with strong interest, given the bloc’s expanding economic footprint and the significance of bilateral trade with its current member states.
The ministry’s clarification arrives amid persistent media speculation that Mexican officials could pursue BRICS membership. While no formal steps have been taken, lawmakers and business leaders across the country watch BRICS’s evolution closely because the group accounts for a substantial portion of global trade and financial activity. The ministry stressed that any future decision would be rooted in Mexico’s economic strategy and its international relations priorities, not in press rumors.
In related news, Russian President Vladimir Putin highlighted in a message to the Federal Assembly that BRICS economies may represent a sizable share of world GDP when measured by purchasing power parity, projecting growth to 36.6% by 2028. This projection highlights BRICS’s growing influence on global markets and the potential effects for both member and non-member economies alike.
Historically, BRICS has broadened beyond its original five members, reflecting a wider geographic and economic reach. The bloc’s expansion to eleven member countries marks a notable shift in the balance of global economic power and has sparked discussions about the impact on international trade, investment, and development cooperation.