Is now the right time for the mutual benefits between the Arabs and the BRICS
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The BRICS and the Arab countries have converged their common desires for economic exchange in various fields of trade for the purpose of fusion into one international crucible that creates a strong economic bloc that competes with the other camp, which we metaphorically call (the dollar camp), which is led by the United States of America.
This is what invited Russia and other countries to form the BRICS alliance, which is growing and expanding day by day, carrying with it great hopes and economic ambitions to remove the current (euro – American) from the platform of economic control over the world.
Therefore, when the BRICS welcomed the accession of certain Arab countries in the beginning, this was not a coincidence or a result of the moment, but the decision resulted after a deep and careful study of the economy of these three countries (Saudi Arabia, the UAE and Egypt) and studying their economic markets from exports and imports.
The BRICS then considered that these countries would contribute significantly to the revival of their markets with their exports and the markets of these countries would also be revived by imports from the BRICS countries.
If we want, for example, but not limited to mentioning the resources of the Arab countries that can be exported to the BRICS countries in various fields, we will find, for example, in the oil and gas sectors, that the Arab countries are rich in oil resources and will inevitably be one of the most important economic activities between the two sides if they export the BRICS;
Let’s move a little to the bottom line to look at the industrial products in the Arab countries, we will find them concentrated in furniture products, metal, mining and chemical products that are used in various industries, as well as petrochemical products, which include plastics and fertilizers in addition to clothes as well.
As for agricultural products, most of the products of these countries are strategic crops such as wheat, rice, sugar, vegetables, fruits, meat, dairy and fish, which can be exported to the BRICS countries to meet their food needs.
As for the tourism sector, there is nothing wrong with the three countries, starting from Egypt through the UAE and ending with the Kingdom of Saudi Arabia, where tourism of all kinds is an important and sensitive basic sector, but its importance has reached the amount of the torrent for the customer, considering that tourism is one of the main economic activities in these countries.
If we move to the BRICS square to talk about the products of these countries that can be exported to the Arab countries, we will find most of them centered on heavy and light manufacturing aspects such as equipment and machinery used in heavy industries and manufacturing industries, as well as electronic and electrical products, which include devices. Household electrophoresis and mobile phones of all kinds.
As well as vehicles of all kinds and associated spare parts.
And other products and various infrastructure services that the BRICS countries can contribute to and provide to the Arab countries…
It is clear to us that no matter how much we single out the pages and line the lines
Let’s count exports, imports and benefits here and there, which will inevitably revive the trade and economic markets by opening investment channels between the two sides at the level of the public and private sectors;
Summary of what the article included in basic points:
· – The common interests between the countries, the BRICS and the Arab countries require joint exchange in the economic fields.
· The BRICS aims to form a strong economic bloc to counter U.S. economic hegemony.
· Saudi Arabia, the UAE and Egypt join the BRICS after a deep study of their economies and economic markets.
· Arab countries will contribute to the revival of the BRICS economy with their exports and benefit from their imports.
· Arab countries export oil, gas, industrial and agricultural products for BRICS.
· Tourism is an essential sector in the Arab countries and can be developed in cooperation with the BRICS countries.
· BRICS exports industrial and electronic products and spare parts to Arab countries.
· Trade and investment between BRICS and Arab countries will revive the economy and open new investment channels.