Brazil has welcomed Indonesia into BRICS, recognizing its role as a major economy in Southeast Asia. Indonesia sought membership following the establishment of its new government, which was approved in 2024. The BRIC coalition originated from interactions between Russia, India, and China, solidifying in 2006, with further expansions reflecting the bloc’s growing influence.
Brazil has officially welcomed Indonesia into the BRICS group, recognizing it as a significant addition being the largest economy and most populous country in Southeast Asia. This move aligns with Brazil’s priorities during its presidency, emphasizing reform in global governance and the enhancement of cooperation among Global South nations. Indonesia expressed its interest in joining BRICS following the formation of its new government, and its membership was subsequently approved in 2024, adhering to established principles and procedures for expansion discussed in Johannesburg.
The BRIC collective initiated its formation following discussions among Russia, India, and China in 2006, evolving into BRICS with South Africa’s inclusion in 2010. The first BRIC summit convened in Yekaterinburg, Russia, in 2009. Further expansion occurred in 2024, welcoming five new member states: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, highlighting the growing influence and cooperation within the bloc.
The BRICS grouping, initially known as BRIC, was formed to enable collaboration among emerging economies and to foster a more multipolar world order. Over the years, the group has actively promoted reforms in global financial institutions and has sought to strengthen ties among developing nations. Indonesia’s incorporation as a member signifies not only its regional prominence but also reflects a broader trend where emerging economies are increasingly asserting their voices in international governance. The recent expansions of BRICS underscore the bloc’s commitment to inclusivity and representation of the Global South.
In summary, Indonesia’s admission into BRICS is a pivotal development for both the group and Southeast Asia, promoting deeper collaboration among emerging economies. This membership aligns with Brazil’s strategic focus on enhancing cooperation within the Global South, thus contributing to the ongoing evolution of global governance frameworks. The affirmations of collective support for institutional reforms further strengthen BRICS as a notable entity in international relations.
Original Source: m.economictimes.com
