00:00Leaders and representatives of the country's members of the BRICS gathered on Wednesday
00:06at the summit venue in Russia's city of Kazan.
00:09During a meeting, President Vladimir Putin said that more than 30 countries have expressed
00:14a desire to join the group.
00:16He added that the group would discuss its expansion at the meeting, while keeping in
00:20mind the need to maintain efficiency.
00:22The forum founded 15 years ago by major emerging economies of Brazil, Russia, India, China
00:29has since expanded to include South Africa, Egypt, Ethiopia, Iran, and the United Arab
00:35Emirates.
00:36Malaysia sent its application to join BRICS to its chairperson Russia in July this year.
00:42BRICS' share of global GDP is forecast to rise to 37 percent by the end of this decade,
00:48while the share accounted for by the group of seven major Western economies will decline
00:53to about 28 percent from 30 percent this year, according to International Monetary Fund data.
00:59The summit runs through Thursday.
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