RT: BRICS receives new membership bid
Bangkok sees Thailand’s future in a multipolar world, the Asian country’s government has said
By RT News
Thailand will apply to become a member of the BRICS economic bloc, the government of the Southeast Asian country announced on Tuesday.
The cabinet in Bangkok has approved the text of the official letter expressing Thailand’s intent to join the group, government spokesman Chai Wacharonke said in a statement quoted by local media.
According to Chai, the letter declares that Thailand understands the importance of multipolarity and the increasing role of developing countries in international affairs.
Thailand’s vision for the future is in line with BRICS principles and joining would benefit the country in many ways, including enhancing its role in the international arena and providing opportunities to take part in shaping a new world order, the letter reportedly says.
BRICS has invited non-member countries aspiring to join to take part in the group’s summit, scheduled for late October in Kazan, Russia. Attending the summit would be an opportunity for Thailand to accelerate the application process, Chai said.
Originally composed of Brazil, Russia, India, China and South Africa, BRICS added Egypt, Ethiopia, Iran and the United Arab Emirates at the beginning of 2024. Since then, 15 more countries have signaled interest in admission, including Bahrain, Belarus, Cuba, Kazakhstan, Pakistan, Senegal and Venezuela.
The expanded BRICS makes up about 30% of the global economy and a population of around 3.5 billion, or 45% of the world’s total. It also accounts for over 40% of the world’s oil production.
According to the International Monetary Fund, BRICS currently accounts for as much as 36% of global GDP in terms of purchasing power parity (PPP), compared to just over 30% for the G7. BRICS aims to overtake the G7 in nominal global GDP over the next four years, the head of the New Development Bank (NDB), Dilma Rousseff, said in February.
Published in RT 29th May 2024
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A good move! Congratulations Thailand!
Lots of Chinese involvement and not any wonder from our "chosen race" in sight, BRICS' just the right place to be in. At least until Dear Mullah Anwar swaggers in and turns it into another springboard to turn him into a statesman of international stature.
Let's see how long before Bolehland wants in, the scale has tipped toward the glorious rise of the "Global South", remaining outside of the BRICS while the West don't want khalwat with those with funny non-white colours, isn't a clever proposition anymore.
Malaysia never came anywhere near "Asian Tiger" status, maybe being on the low tier of BRICS may just about get us noticed for once.