Nestled on the shores of the Caspian Sea, Azerbaijan, an necessary strategic companion for China within the South Caucasus, has turn out to be one the most recent international locations to hunt membership within the Brics grouping, a formidable financial bloc based by Brazil, Russia, India and China, and later joined by South Africa.
Within the evolving multipolar world order, Azerbaijan exemplifies the development of nations leveraging their distinctive geopolitical positions to diversify alliances, pursue nationwide pursuits and strengthen their international standing, as displayed by its strategic efforts to capitalise on its location on the crossroads of East and West.
The rising financial and political affect of Brics is the supply of Azerbaijan’s enthusiasm for the bloc. With its latest enlargement, which included Egypt, the United Arab Emirates, Ethiopia and Iran, Brics has turn out to be a formidable financial powerhouse, accounting for nearly half of the world’s inhabitants and greater than 1 / 4 of the worldwide economic system.
For Azerbaijan, a rustic trying to reduce its reliance on hydrocarbons and diversify its economic system, Brics may present entry to giant markets, expertise transfers and growth expertise. Brics’ New Improvement Financial institution provides an interesting different to Western lenders by financing infrastructure tasks and selling financial growth.
Except for economics, Brics membership aligns with Azerbaijan’s ambition for a extra multipolar world order. The bloc’s emphasis on multilateralism and its standing in its place to the traditional Western-dominated worldwide system resonate with Azerbaijan’s overseas coverage stance, which strives to steadiness relations with Russia and the West whereas strengthening connections with creating nations.
