President Putin and Xi own Asia as more countries aim to join BRICS
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Russian President Vladimir Putin and Chinese Premier Li Qiang ended their individual meetings in Southeast Asia this week. They found a region eager to join BRICS, a group that is perceived as a safeguard against institutions led by the West. Also Read: Meme coins volatility peaks as US presidential debate looms Malaysia is the latest Southeast Asian country to voice an interest in joining the economic bloc. As more Association of Southeast Asian Nations (ASEAN) states express interest in and consider joining the BRICS group of rising economies, market and political observers are concerned that this would lead to an overdependence on China. Malaysia prepares to join the BRICS alliance According to Prime Minister Anwar Ibrahim, Malaysia plans to join the BRICS group of emerging economies. This announcement was made during an interview with Chinese media outlet Guancha. Last year, BRICS embarked on a mission to expand its membership and shake up the prevailing global power structure, which is largely influenced by Western economies. Minister Anwar made a statement in a video interview posted by Guancha on Sunday (Jun 16 stating: We have made a decision, we will be placing the formal procedures soon … we are just waiting for the final results from the government in South Africa Minister Anwar Ibrahim On Tuesday, a representative from Mr. Anwar’s office confirmed his comments to Reuters. Throughout the interview, he remained tight-lipped about the application process, withholding any additional information. Mr Anwar’s remarks preceded Chinese Premier Li Qiang’s upcoming three-day visit. The visit was part of the festivities commemorating the 50th anniversary of diplomatic ties between Malaysia and China. BRICS alliance grows in Asia BRICS was founded in 2006 and initially included Brazil, Russia, India, and China, with South Africa joining in 2010. Egypt, Ethiopia, Iran, Saudi Arabia, and the United…
Filed under: News - @ June 22, 2024 9:24 am