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What Motivates Malaysia and Thailand to Pursue BRICS Membership?
BRICS has expanded from five to ten members, attracting interest from over 30 nations. Malaysia and Thailand are aiming to join for economic benefits amidst global power shifts, despite the bloc’s geopolitical challenges.
BRICS, originally consisting of Brazil, Russia, India, China, and South Africa, is poised for further expansion, requiring a new name soon. In August, the group welcomed Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, marking its first additions in 13 years. Over 30 nations have since expressed interest in joining, indicating a growing desire to be part of this non-Western bloc.
Countries like Malaysia and Thailand are actively seeking BRICS membership. Malaysian Prime Minister Anwar Ibrahim has lobbied for support from key countries, envisioning benefits like enhanced trade and investment. Meanwhile, Thailand aims to revitalize its economy through potential BRICS participation amidst ongoing struggles in its tourism sector.
Despite its ambitions, BRICS faces challenges, including internal tensions among major members like China and India. The lack of formal trade agreements raises questions about its effectiveness. However, for nations like Malaysia and Thailand, the potential economic advantages may outweigh the risks, given BRICS’ flexible membership criteria.
Source : Why do Malaysia and Thailand want to join BRICS?
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