Benefits Egypt's trade is going to witness as a member of BRICS
Egypt's potential to attract global investment, trade, and economic growth is anticipated to significantly improve with its BRICS membership.
By participating in BRICS, Egypt, which has been having trouble with its foreign exchange reserves in USD and EUR, will be able to use different currencies and lessen its reliance on the US dollar.
Additionally, Egypt will be able to get the commodities it needs. Egypt has recently discussed the prospect of shipping wheat and rice in Egyptian pounds, rubles, and rupees with both Russia and India.
Finally, but just as importantly, Egypt will be able to obtain soft and technical credit support for investment and growth from the New Development Bank by joining BRICS.
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