Recent News | BRICS

Indonesia Joins BRICS Bloc with Prabowo's Approval

Indonesia's accession to the BRICS bloc is a strategic move that strengthens its position in global politics, particularly with major powers such as the United States and Western European countries. According to Deputy Chairperson of the People's Consultative Assembly Eddy Soeparno, this decision aligns with President Prabowo Subianto's mandate to adopt a free and active foreign policy while prioritizing national interests. By joining BRICS, Indonesia aims to expand its export market, increase economic growth to 7-8 percent, and tap into the bloc's significant economic influence, which has grown from 17 percent in 1995 to over 30 percent in 2022. This membership is expected to generate investment opportunities for infrastructure and renewable energy projects, as well as provide access to knowledge transfer from BRICS countries' specializations such as digitalization in India and technology in China.

https://en.antaranews.com/news/340694/brics-membership-to-boost-indonesias-influence-mpr?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_right

Malaysia Slaps Duties on Chinese PET Imports

Malaysia has imposed provisional anti-dumping duties on polyethylene terephthalate (PET) imports from China and Indonesia, citing unfair trade practices. This move is part of a broader effort by the Singapore government to address longstanding issues in its relationship with Malaysia, according to Prime Minister Lee Hsien Loong. Meanwhile, Indonesia has joined the BRICS bloc as a full member, marking a significant step in President Prabowo Subianto's global ambitions. However, this move may also pose risks for Indonesia's economy. In other news, the Philippines has announced that it will remain vigilant on prices despite meeting its target, while Malaysia and Singapore are exploring opportunities to develop the Johor-Singapore Special Economic Zone.

https://www.businesstimes.com.sg/international/asean/progress-longstanding-issues-key-priority-singapore-malaysia-ties-2025-pm-wong

Indonesia Joins BRICS as Full Member Nation

The Indonesian government has welcomed its full membership in the BRICS organization, a strategic partnership comprising nine countries including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Indonesia's Foreign Affairs Ministry stated that it is committed to actively contributing to the organization's agenda, particularly in addressing global challenges such as climate change, food security, and public health. The country aims to play a role through BRICS in promoting a more inclusive and equitable global order, and is dedicated to working with other members for a just, peaceful, and prosperous world. Indonesia's involvement reflects its increased active role in the global arena and momentum towards increasing multilateral cooperation.

https://en.antaranews.com/news/340666/indonesia-to-tap-brics-for-mining-export-says-ministry?utm_source=antaranews&utm_medium=desktop&utm_campaign=popular_right

January 7, 2025

Indonesia Joins BRICS, Eyes Economic Justice Reforms

Indonesia's parliament is seeking to promote cooperation among the parliaments of BRICS countries to address issues such as economic justice and access to technology. As a new full member of BRICS, Indonesia aims to contribute actively to the group's goals. This move aligns with Indonesia's pursuit of membership in both the OECD and BRICS, which is seen as crucial for achieving national objectives.

https://en.antaranews.com/news/340546/brics-membership-must-benefit-indonesians-dpr?utm_source=antaranews&utm_medium=desktop&utm_campaign=top_news

January 7, 2025

Indonesia Joins BRICS Under Russian Chairmanship

Indonesia has officially joined the BRICS group of nations, a move that aligns with Brazil's theme for its presidency, which focuses on enhancing global south cooperation for more inclusive and sustainable governance. Indonesia formally expressed interest in joining after the establishment of its new government and was approved by consensus in 2024. The BRICS grouping was initially formed in 2006 by Russia, India, and China, and later expanded to include South Africa in 2010. In 2024, five new members - Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates - were added to the group, with Indonesia being the latest addition under Russia's chairmanship at the 16th BRICS Summit held in Kazan.

https://www.khaleejtimes.com/world/asia/brazil-announces-indonesia-as-new-member-of-brics

China Strengthens Ties with Indonesia's BRICS Partners

China is committed to working with Indonesia and other BRICS members to strengthen their partnership and promote global governance reform. This move aligns with the trend of collective growth in the Global South, as stated by a spokesperson for China. The goal is to foster a more comprehensive, inclusive, and practical partnership that contributes to building a community with a shared future for mankind.

https://www.globaltimes.cn/page/202501/1326408.shtml

Indonesia Joins BRICS for Global Governance Reform

Indonesia's membership in the BRICS group represents a strategic step towards strengthening South-South cooperation and promoting global governance reform, according to the Chinese Institute of International Studies. Indonesia shares a similar perspective on global governance with other BRICS member countries, prioritizing democratization and multipolarization over exclusive Western approaches. The expansion of BRICS is driven by an increasing number of Global South countries seeking a more equitable and just transformation of global governance, guided by principles of fairness, justice, openness, and inclusiveness.

https://www.globaltimes.cn/page/202501/1326444.shtml

Indonesia Strengthens Global Ties with BRICS Alliance

Indonesia has taken on a more prominent role in global affairs, as stated by the Ministry of Foreign Affairs, with its commitment to strengthening multilateral cooperation to create a fairer and more inclusive global structure. This development is significant given Indonesia's growing influence, particularly within the BRICS grouping, which was established in 2009 by Brazil, Russia, India, and China.

https://www.hurriyetdailynews.com/indonesia-welcomes-its-entry-into-brics-bloc-204440

Lula's BRICS Expansion Sparks Dollar Fears

Brazil, under President Luiz Inacio Lula da Silva, aims to strengthen cooperation between countries of the "Global South" during its presidency of BRICS. The group has expanded to include Iran, Egypt, Ethiopia and the UAE as full members. One objective is to develop alternative payment systems for trade among member nations, a move that drew criticism from US President-elect Donald Trump who threatened tariffs if they undermined the US dollar.

https://www.ndtv.com/world-news/brazil-announces-indonesia-entry-into-brics-7415947