As the annual summit of the BRICS bloc approaches, two new countries have entered the fray, eager to strengthen their economic ties within the alliance. Malaysia and Thailand, with the intention of expanding their global reach, have declared their intention to join the collective.
JUST IN: 🇲🇾 Malaysia announces it will formally apply to join the BRICS. pic.twitter.com/65BG0FiwIw
— BRICS News (@BRICSinfo) June 17, 2024
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🇹🇭THAILAND TAKES NEXT STEPS TO JOIN BRICS
Thailand is moving forward with its application to join the BRICS, seeking stronger ties with Brazil, Russia, India, China and South Africa.
The Minister of Foreign Affairs, Maris Sangiampongsa:
“Joining the BRICS would strengthen Thailand's role in the… pic.twitter.com/q42f1E3xdR
— Mario Nawfal (@MarioNawfal) June 17, 2024
With the looming summit poised to accommodate new faces, the bloc aims to build on its existing nine-nation roster. Notably, last year's event marked the inclusion of the United Arab Emirates (UAE), Egypt, Ethiopia and Iran, marking a major milestone in the bloc's expansion efforts since 2001. This year , the trend of growth and inclusion is set to continue.
In an era of rapidly evolving geopolitical dynamics, the BRICS alliance has consolidated its position as a key player in the global arena. Through strategic expansion and a gradual shift toward de-dollarization, the alliance strives to reshape the landscape of international finance, advocating for a multipolar world characterized by strong participation and healthy competition.
The recent developments mark a pivotal moment for the BRICS bloc, with Malaysia and Thailand keen to join the economic alliance. Malaysian Prime Minister Anwar Ibrahim confirmed the submission of a formal application to join the grouping, highlighting the positive progress made towards this goal.
“We have made a decision (on the matter). We will soon start doing the official procedures,” Ibrahim revealed, as reported by Russia State News, expressing optimism about the outcome and awaiting comments from the South African government.
Joining Malaysia on this journey is Thailand, another nation eyeing membership of the alliance in 2024. With its sights set on becoming the first Southeast Asian member of the BRICS, Thailand has also expressed their desire to align with the blog's vision. In particular, reports indicate substantial interest from more than 30 nations seeking to join the alliance, underscoring the bloc's growing global appeal.
As anticipation builds for the next expansion, there is much speculation about the number of nations that will be hosted this year. The deliberations on new additions to the alliance promise to shed light on the strategic agenda of the BRICS bloc and its intended trajectory for the foreseeable future.
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