BRICS expands membership, adding Indonesia, Malaysia, and Thailand

BRICS expands membership, adding Indonesia, Malaysia, and Thailand

/ bno IntelliNews

By bno - Taipei Office December 30, 2024

The BRICS bloc, a coalition formed by Brazil, Russia, India, China, and South Africa, is broadening its reach as it seeks to challenge the dominance of the US dollar and reshape global financial and economic systems.

The group announced it will add three new Asian partner countries – Indonesia, Malaysia, and Thailand – from January 1. The expansion underscores BRICS' growing ambition to deepen ties across the Global South.

Indonesia's inclusion is particularly significant. As the world’s fourth most populous country, following BRICS members India and China as well as the United States, Jakarta’s participation bolsters the bloc’s demographic and economic clout.

The addition of Malaysia and Thailand further reflects BRICS' strategic pivot toward Southeast Asia.

With Bangkok, Kuala Lumpur, and Jakarta accounting for three of the region’s top six economies, their partnership positions BRICS to gain greater influence in one of the world’s fastest-growing economic corridors.

Vietnam, another major Southeast Asian economy, had expressed interest in joining BRICS as a partner country in November. However, its failure to respond to an official invitation leaves its potential membership uncertain for now.

#Thailand #Indonesia #Malaysia #BRICS #bno #USA

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