By Becoming a member of BRICS, Will Bangladesh Serve As A Position Mannequin For Different South Asian Nations? – OpEd

The world goes via an unstable financial scenario. The place many of the nations are affected by the value of power to the greenback value traded within the worldwide market. Bangladesh can be on this downside. Added to that’s the pre-election political difficulty. However the difficulty of Bangladesh’s becoming a member of BRICS is coming to the fore. The query is, why are the nation’s diplomatic consultants and economists optimistic about Bangladesh becoming a member of BRICS?

The daddy of the nation Bangabandhu Sheikh Mujibur Rahman fastened the overseas coverage of the nation on the start of Bangladesh. The principle assertion of this precept is ‘friendship with all, enmity with none’. The present Prime Minister Sheikh Hasina can be assured within the precept of friendship with all nations. The progress of the nation is most vital to him. Due to this fact, he’s shifting ahead with the goal of building Bangladesh as ‘Golden Bangla’ by sustaining friendship with developed nations. Becoming a member of the BRICS group is important in that respect. It’s the demand of time to affix BRICS for the sake of Bangladesh’s growth. BRICS began with Brazil, Russia, India, China and South Africa however is seeking to enhance its membership. Bangladesh has already been invited. The invitation obtained a optimistic response from Dhaka. However BNP, which is against any growth within the nation, has began opposing Bangladesh’s accession to BRICS. However why are they opposed? Whose pursuits? For the sake of Bangladesh, for the sake of his personal occasion, or for the sake of any of their masters? It’s time to query issues. As a result of Bangladesh can not be in energy by elevating claims in opposition to the pursuits of Bangladesh!

The fifteenth BRICS summit goes to be held in South Africa from 22 to 25 August. Bangladesh’s membership is prone to be finalized on this convention. Based on diplomatic consultants, Bangladesh’s resolution to affix BRICS is optimistic. Becoming a member of the BRICS won’t solely enhance the nation’s economic system, but additionally contribute to the brand new polarization in geopolitics. Based on consultants, there isn’t any hurt to Bangladesh if it joins the BRICS alliance. Relatively the entire thing goes to be worthwhile. Bangladesh’s energy will enhance in world politics. Becoming a member of the BRICS alliance will strengthen Bangladesh’s place on the earth. Bangladesh will be capable to take further benefit on this case if another foreign money or another business system is launched within the BRICS nations. Sooner or later, if BRICS turns into a corporation like IMF or World Financial institution, Bangladesh will even get massive mortgage services from it.

BRICS is not restricted to only 5 nations. Its scope is growing. With the addition of latest members, BRICS will cowl about 28 p.c of the world’s territory. 40 to 50 p.c of the whole inhabitants of the world will come beneath this alliance. The BRICS nations collectively produce 25 p.c of the world’s gasoline oil and metal and 50 p.c of iron ore. By way of agriculture, 40 p.c of the world’s corn and 46 p.c of wheat are produced within the proposed areas of the alliance nations. Their contribution to world commerce is eighteen p.c. The BRICS nations account for 31 p.c of the worldwide GDP or gross home product of the world’s seven richest nations, the G-7 nations, versus 30 p.c. One projection estimates that the BRICS nations will contribute greater than 50 p.c to world GDP by 2030. Because of this, this group is quickly changing into stronger.

Anil Suklal, the ambassador of this group in South Africa, stated, “Discussions are underway on the enlargement of BRICS. Thus far, 13 nations have formally agreed to affix and 6 nations have expressed curiosity. We’re getting letters day by day about becoming a member of BRICS.

Bangladesh’s accession to BRICS grew to become clear solely after Prime Minister Sheikh Hasina’s assembly with South African President Cyril Ramaphosa in June. It was then that International Minister AK Abdul Momen hinted at Bangladesh becoming a member of BRICS in Geneva. He knowledgeable that Bangladesh has been invited to affix BRICS. Saudi Arabia, Iran, Argentina, Algeria, Egypt, Bahrain, Indonesia, Syria, and one nation every from East and West Africa can be a part of BRICS. Bangladesh’s accession could be very sure.

Becoming a member of BRICS will widen the door of overseas funding in Bangladesh. Many nations will likely be simply interested in arrange industries in Bangladesh. The tide will even are available overseas commerce. Bangladesh will even profit by way of overseas alternate. The standing of Bangladesh on the worldwide stage will even enhance quite a bit. The choice to affix BRICS is right for Bangladesh within the curiosity of accelerating the nation’s status in world politics. There is a chance to learn within the financial discipline by taking the membership of BRICS.

We have to actually assess how our state establishments can profit from being a part of BRICS. There’s additionally the opportunity of favorable agreements with the member nations for our nationwide curiosity via BRICS. Due to this fact, it is very important help this initiative of the federal government to widen the nation’s progress through the use of BRICS.

BNP Secretary Common Mirza Fakhrul Islam Alamgir, nevertheless, is essential of BRICS. Within the identify of opposing the federal government, he has made clear his place in opposition to the event of the nation. Relating to BRICS, Fakhrul stated, ‘Bangladesh Nationalist Occasion or BNP thinks Bangladesh’s becoming a member of BRICS is an opportunistic transfer. When the Awami League noticed that the Western world was not accepting them, they began negotiating to affix the BRICS.

His assertion has nothing to do with the continuing geopolitics. It’s fairly clear that he made such feedback to oppose Awami League and Prime Minister Sheikh Hasina. It’s mandatory to affix BRICS for the sake of Bangladesh’s growth. Aside from that, Bangladesh has been invited by BRICS for membership. And never solely Bangladesh, many nations of the world are becoming a member of BRICS.

19 nations have expressed their curiosity in becoming a member of the alliance to cope with the worldwide turmoil, based on a report by the US media Bloomberg citing BRICS Particular Envoy Anil Suklal. Based on the BBC, additional enlargement of the BRICS has the potential to open up new horizons for the economic system. Western media additionally desires Bangladesh to affix BRICS. BRICS is certain to grow to be worthwhile for Bangladesh within the curiosity of economic system and geopolitics.

Bangladesh has the potential to grow to be a center earnings nation by 2024. In that case, as an underdeveloped and low-income nation, Bangladesh doesn’t have many alternatives. And to unravel this downside, Bangladesh ought to give attention to becoming a member of numerous alliances, bilateral agreements and regional agreements. At such a time, Bangladesh will settle for the invitation from BRICS in any scenario. That is regular. However to oppose this curiosity of Bangladesh in a political context, on the finish of the day is to oppose Bangladesh as a state. Hindering the event of Bangladesh. On the identical time, doing the politics of a 3rd energy in relation to the pursuits of Bangladesh.

BRICS is just not solely supporting Bangladesh as an alliance, but additionally growing the opportunity of making developmental and financial agreements with different nations on this alliance. Bangladesh has not but strengthened financial and diplomatic relations with the nations belonging to this alliance, alternatives are additionally being created to strengthen these relations. Political interpretation of such a possible initiative doesn’t make any sense to set again the nation for petty occasion pursuits. Due to this fact, it is very important welcome BRICS and never oppose it.