Brasilia:
Brazil on Monday introduced that Indonesia had grow to be a full member of BRICS, a bloc of growing economies more and more seen as a counterweight to the West.
Brazil’s overseas ministry mentioned in an announcement that Southeast Asia’s most populous nation “shares with the opposite members the desire to reform the establishments of world governance and contribute positively to cooperation inside the International South.”
Brazil, which holds the rotating presidency of the grouping in 2025, mentioned Indonesia’s bid to hitch the bloc had been permitted throughout a summit in 2023 in Johannesburg.
BRICS was created in 2009 by founding members Brazil, Russia, India and China. South Africa joined the next yr.
Final yr, the grouping expanded with Iran, Egypt, Ethiopia and the United Arab Emirates turning into full members.
Throughout its presidency, Brazil goals to spice up cooperation between nations of the “International South” and reform multilateral establishments.
One of many goals, in keeping with the federal government of left-wing President Luiz Inacio Lula da Silva, is the “improvement of technique of cost” to facilitate commerce between member nations.
Over the past BRICS summit in Kazan, Russia in November 2024, member nations mentioned boosting non-dollar transactions and strengthening native currencies.
This raised the ire of US President-elect Donald Trump, who threatened the group’s members with “100% tariffs” in the event that they undercut the US greenback.
This yr’s BRICS summit will happen in Rio de Janeiro in July.
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