Indonesia’s BRICS membership aims to cool down geoeconomic rivalry
Indonesia is hoping to cool down the global economic rivalry by joining the Russia and China-led BRICS, according to Indonesian Foreign Affairs Minister Sugiono.
Foreign Affairs Minister Sugiono, who dons a peci or black cap, at the back, attends the BRICS Plus Summit in Kazan, Russia, on October 24, 2024. (Photo courtesy of Foreign Affairs Ministry)
Jakarta (VNA) – Indonesia is hoping to ⛦cool down the global economic rivalry by joining the Russia and꧒ China-led BRICS, according to Indonesian Foreign Affairs Minister Sugiono.
In his first-ever annual address as foreign minister, Sugiono said that Indonesia’s BRICS membership reflects the country’s free and active foreign policy. It is not something that the country achieves overnight, but it is the fruit of decades-long work of the resilience and consistency in foreign diplomacy.
“As a BRICS member, Indonesia wants to become a bridge-builder for the interests of developing economies and the Indo-Pacific nations. We will continue to remain active in preventing further escalations to geoeconomic and geopolitical rivalry,” Jakartaglobe quoted Sugiono as saying.
BRICS originally grouped Brazil, Russia, India, China, and South Africa. In 2024, BRICS formally accepted new members Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE). Indonesia officially snagged a ticket into the group earlier this week after formally applying to BRICS last October./.
Amelia Anggraini, a member of the House of Representatives (DPR) of Indonesia, has said that Indonesia’s official membership of the BRICS grouping must bring real benefits to its people.
Indonesia’s recent entry to the BRICS bloc could provide the nation with potential economic advantages, particularly in addressing trade deficit in the oil and gas sector, according to state news agency Antara.
Indonesia views its BRICS membership as a strategic step to enhance collaboration and cooperation with developing countries with the principles of equality, mutual respect, and sustainable development, the country’s Foreign Ministry stated on January 7.
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