Brazil has welcomed Indonesia into BRICS as its newest member, aligning with the group’s goals of global governance reform and Global South cooperation. Indonesia’s official membership came after its new government expressed interest, and it was approved by consensus in 2024. This expansion showcases BRICS’s ongoing evolution and commitment to representing emerging economies on the global stage.
The Brazilian government has officially welcomed Indonesia as a new member of BRICS. As Southeast Asia’s leading economy and most populous nation, Indonesia’s inclusion aligns with the group’s commitment to reforming global governance institutions. This move is significant in promoting Global South cooperation, which is central to Brazil’s presidency theme, “Enhancing Global South Cooperation for a More Inclusive and Sustainable Governance.” The decision for Indonesia’s membership followed its formal notification of interest after establishing a new government, and it was unanimously approved by BRICS nations in 2024 according to agreed-upon principles from a prior summit.
BRIC began as a formal collaboration after the inaugural meeting of Russia, India, and China in 2006. The group became BRICS with South Africa’s inclusion in 2010. By 2024, further expansion saw the addition of new members, including Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The 16th BRICS Summit is anticipated to take place in 2024 under Russian leadership, emphasizing the coalition’s ongoing growth and influence in international relations.
BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, emerged as a significant platform advocating for reforms in global governance and enhancing cooperation among developing nations. Initially forming as BRIC in 2006, the group’s expansion to BRICS incorporated South Africa in 2010. Over the years, BRICS has sought to represent the interests of the Global South and facilitate collaboration among emerging economies. Indonesia’s admission fortifies this agenda, further diversifying the group and strengthening its economic and diplomatic clout.
Indonesia’s formal induction into BRICS marks a pivotal moment for the bloc, reinforcing its commitment to fostering Global South cooperation. The recent expansion with new members underlines the growing recognition of the significance of emerging markets in reshaping geopolitical and economic landscapes. Brazil’s leadership theme emphasizes the importance of inclusive governance, aligning with the values and aims of the expanded BRICS community.
Original Source: m.economictimes.com
