With BRICS membership, Morocco seeks to protect its economy

According to Amine Ayoub, the Western world has marginalised several third-world nations.

According to economic and policy analyst Amine Ayoub, Morocco’s desire to join BRICS is motivated by the need to defend its economy in the face of Western powers, mainly the US, ignoring numerous third-world countries.

Ayoub noted that Rabat is actively looking for new partners in an interview with RT on Thursday because to a change in focus by its erstwhile Western economic allies, who withdrew investments in the wake of the Covid-19 outbreak.

Morocco is the newest nation to formally submit an application to join the BRICS group, which also includes South Africa, Brazil, Russia, India, and China.

Anil Sooklal, the ambassador-at-large for South Africa to BRICS and Asia, previously estimated that there were more than 40 nations interested in joining the organisation. Currently, the bloc is accepting official applications from 23 additional non-Western nations, including Egypt, Bangladesh, and Iran.

These countries are looking to BRICS for economic reasons and because the “Western world, especially the US, is not giving voice to many of these third-world countries,” Moroccan policy analyst Ayoub told RT.

He claims that Rabat is “open to using other currencies” and that its future will be improved by joining BRICS.

A shared currency for intra-member trade has been proposed by the group, and according to officials, the BRICS summit in Johannesburg, South Africa, from August 22 to 24, will cover the topic.

Morocco’s “sudden bid to join BRICS appears strange,” according to Ghali Zbeir, president of the Saharawi Oil and Mineral Authority, considering that it has been viewed as an ally of the US, France, and Israel.

“A new world order is being shaped before our very eyes,” Zbeir said. He continued, “The old world order which followed the interests of Western countries is no longer valid,” and “BRICS is the hope for the creation of a more just world order.”

Zbeir underlined that Rabat’s entry to the BRICS group must not jeopardise Laayoune’s right to self-determination in reference to the territorial issue between Morocco and Western Sahara.

“Decolonization is the issue with Western Sahara,” he remarked.

The Western Sahara, designated by the UN in 1975, was the last colony in Africa to gain independence; Morocco views it as an essential component of its territory.