Iran to build relations with BRIC

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Tehran, Apr 20 (MNA) Realizing the growing global importance of BRIC group of nations, Iran hopes to build its relations with them, a top official said here. Ali Agha-Mohammadi, a high-ranking economic planning official in the Iranian Vice President''s Office, said that international studies show that Brazil, Russia, India, and China (BRIC) will emerge as dominant global economic powers in the next five to ten years.''BRIC'', a group of nations which has been tipped by investment bank Goldman Sachs to surpass the current combine of richest economies of the world by 2050, has just had an annual meeting in Sanya, China. South Africa is the latest entrant to the group with the name now being changed to BRICS.Expanding ties with BRIC countries is Iran''s first economic priority, and afterwards the country will make efforts to strengthen economic relations with the other countries of the Next Eleven (N-11) group, IRNA news agency quoted him as saying on Monday.The Next Eleven countries group include Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam. Goldman Sachs has identified the Next Eleven as having a high potential of becoming, along with the BRICs, the world''s largest economies in the 21st century.Among the second group of countries, improving relations with Turkey has special importance for Iran, Agha-Mohammadi added. (MNA)


Iran to build relations with BRIC, IBN Live News


All the best to the Asian Invasion

 

[farhan_9909]

after reading this

i think they want to build relation with half of the world

 

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Whatevers in the best interest of Iran

 

[Zeeshan360]

Yesterday I said Iran has most chances to be added in BRICS and some ppl were laughing on me

 

[SpArK]

I think Turkey should be an ideal candidate.

 

[Zeeshan360]

OMG ! South Korea in N 11 .
They are alrdy 1st world country with gdp per capita equal to the west . Hmmmm

 

[below_freezing]

I really think Iran has a bright future within the next 10 years.

Vietnam and Pakistan also are great investments.

Bangladesh should cross the 1000 per capita poverty trap before we make any judgments.

I think Egypt, Phillipines and Nigeria are all doomed.

 

[Zeeshan360]

I think Turkey should be an ideal candidate.

Turkey is with NATO
So a NO !!

 

[Zeeshan360]

I really think Iran has a bright future within the next 10 years.

Vietnam and Pakistan also are great investments.

Bangladesh should cross the 1000 per capita poverty trap before we make any judgments.

I think Egypt, Phillipines and Nigeria are all doomed.

Pakistan is great investment . Agreed
But why Egypt and Nigeria are doomed ?

 

[Ajaxpaul]

I think Turkey should be an ideal candidate.

I support Indonesia, which unlike turkey have independent internal and external policies.

 

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I really think Iran has a bright future within the next 10 years.

Vietnam and Pakistan also are great investments.

Bangladesh should cross the 1000 per capita poverty trap before we make any judgments.

I think Egypt, Phillipines and Nigeria are all doomed.

Right Iran and pakistan both have potential, however I feel extremists on both sides are driving the country backward. Iran's extremist regime is the cause of dissatisfaction and Pakistan and India both have high corruption. However I feel in the next decade or so India will improve as long as they kick out the goons "in charge".

 

[rockstarIN]

Good move Iran, but how much good relations...time will tell..

 

[below_freezing]

Pakistan is great investment . Agreed
But why Egypt and Nigeria are doomed ?

Egypt and Nigeria are simply economic basketcases, I'd invest in Ethiopia before I invested in them.

Egypt: imports 80% of its food, has unstable leadership (not just Mubarak), religious extremism always a major factor in politics, major sources of income such as petroleum rapidly running out, and not showing any trend towards fixing this problem such as increased spending in RD, increasing scientific publications or increased investments into infrastructure and heavy industry. Geographically, Egypt is also hell, with most of the population concentrated along the Nile with the rest of the country a barren wasteland. It doesn't help that the population is rapidly exploding.

Think about it this way. Egypt 60 years ago was almost a developed nation and one of the most powerful in the Middle East. Today, it is a poverty stricken military dictatorship.

Nigeria: extremely unstable due to the structure of the country divided between Christian and Muslim with about equal numbers on each side. Only 68% of the population is literate, and with a high school attendance of only 29%, they are not fit for factory or service work. Instead, they can only be farmers. Their population is exploding, but most of it is with people who are functionally illiterate and cannot work in a factory where they must operate complex instruments or in services that demand a high level of intellect. The average lifespan in Nigeria is 47, which is consistent with a development level in 1890. Nigeria has huge oil exports, but its economic growth is lower than inflation, meaning Nigerians are getting poorer by the year. 47% of the population is below the poverty line even as oil money flows in.

Nigeria has always been an artificial creation of the UK.

 

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Egypt and Nigeria are simply economic basketcases, I'd invest in Ethiopia before I invested in them.

Egypt: imports 80% of its food, has unstable leadership (not just Mubarak), religious extremism always a major factor in politics, major sources of income such as petroleum rapidly running out, and not showing any trend towards fixing this problem such as increased spending in RD, increasing scientific publications or increased investments into infrastructure and heavy industry. Geographically, Egypt is also hell, with most of the population concentrated along the Nile with the rest of the country a barren wasteland. It doesn't help that the population is rapidly exploding.

Think about it this way. Egypt 60 years ago was almost a developed nation and one of the most powerful in the Middle East. Today, it is a poverty stricken military dictatorship.

Nigeria: extremely unstable due to the structure of the country divided between Christian and Muslim with about equal numbers on each side. Only 68% of the population is literate, and with a high school attendance of only 29%, they are not fit for factory or service work. Instead, they can only be farmers. Their population is exploding, but most of it is with people who are functionally illiterate and cannot work in a factory where they must operate complex instruments or in services that demand a high level of intellect. The average lifespan in Nigeria is 47, which is consistent with a development level in 1890.

Kinda wonder what's gonna happen when the Arab states start drying up

 

[johnny boy]

Kinda wonder what's gonna happen when the Arab states start drying up

well u know the answer....they are doomed!!!!!!!!!!!