Parliament speaker: Armenia’s participation in CIS, BRICS vital for economic growth

Armenian Parliament Speaker Alen Simonyan has said that Armenia participates in the informal summit of the CIS countries, as the Alma-Ata Declaration is the basis of this association.

He noted that this document plays an important role in security issues and the negotiation process, Caliber.Az reports.

“It is impossible to ignore the format, which directly affects our security,” Simonyan emphasised.

He also noted that participation in BRICS is necessary for strengthening Armenia's regional ties and diversifying economic relations.

According to Simonyan, such an approach does not contradict the development of relations with the EU.

He urged Armenia to avoid extremes and act based on its national interests, economic and cultural priorities.

BRICS is an organization of five rapidly developing countries: Brazil, Russia, India, China, and South Africa. Initially known as BRIC, the group's name was changed to BRICS on February 18, 2011, following South Africa's accession.

Currently, BRICS includes nine members: Brazil, Russia, India, China, South Africa, Egypt, Iran, Ethiopia, and the United Arab Emirates.