Malaysia is set to join the BRICS economic group, Prime Minister Anwar Ibrahim announced. The BRICS group, initially comprising Brazil, Russia, India, China, and South Africa, has expanded to include countries like Saudi Arabia, Iran, and Egypt. Anwar stated that Malaysia has decided to join and is finalizing procedures with South Africa, the current chair. This decision comes amid Malaysia’s ongoing efforts to enhance its international economic partnerships and influence.
Anwar’s comments precede a significant visit from Chinese Premier Li Qiang, celebrating 50 years of diplomatic relations between Malaysia and China. The visit is expected to result in several bilateral agreements, further cementing economic ties. Malaysia’s inclusion in BRICS aligns with its broader strategy to diversify its economic partnerships and leverage the growing influence of the BRICS bloc on the global stage.
The BRICS group’s expansion reflects a shift towards a more multipolar world order, challenging the dominance of Western economies. Malaysia’s move to join BRICS highlights its strategic positioning in this evolving economic landscape, aiming to benefit from increased trade and investment opportunities with other member nations.
This development underscores Malaysia’s commitment to strengthening its global economic standing through active participation in influential international groups. By joining BRICS, Malaysia seeks to enhance its economic resilience and growth prospects in a rapidly changing global economy.