Malaysia is open to joining BRICS, which would bring economic benefits

SHAH ALAM, June 18 (Bernama) — Malaysia’s Minister of Investment, Trade and Industry Zahur Abdul Aziz said the country is open to joining the intergovernmental organisation consisting of Brazil, Russia, India, China and South Africa (BRICS) as it would bring various economic benefits to the country.

He said the BRICS structure is also seen to be developing smoothly so far, with countries such as the United Arab Emirates (UAE) and Egypt also joining the structure.

“Neighbouring Thailand, an ASEAN member state, has also expressed interest and has begun the process of joining BRICS.”

“We are waiting for the commencement of further discussions on BRICS as mentioned by Prime Minister Anwar Ibrahim,” he said after officiating at the opening ceremony of Cherry Malaysia’s assembly plant here today.

Anwar said on Monday that Malaysia would soon begin the formal process of joining the BRICS economic bloc.

BRICS was founded in 2009 as a cooperation platform for emerging economies including Brazil, Russia, India and China, and South Africa joined in 2010.

The BRICS currently account for around 40% of the world’s population and a quarter of the global economy, including a fifth of world trade.

Bernama



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