https://newsletter.en.creamermedia.com
Africa|Energy|Export
Africa|Energy|Export
africa|energy|export

Malaysia is planning to join BRICS, PM says

18th June 2024

By: Bloomberg

  

Font size: - +

Malaysian Prime Minister Anwar Ibrahim said that the Southeast Asian nation will join the BRICS economic bloc, becoming the latest country to take part in an expanding group seen challenging the western-led global order.

“We have indicated as a policy that we are” joining, Anwar said in an interview with the Chinese news outlet Guancha aired ahead of a scheduled visit by Chinese Premier Li Qiang to Malaysia. “We have made a decision. We are placing the formal procedures soon.”

The BRICS group of emerging-market nations — the acronym stands for Brazil, Russia, India, China and South Africa — doubled in size at the start of 2024. The bloc is pairing some of the planet’s largest energy producers with some of the biggest consumers among developing countries, potentially enhancing the group’s economic clout in a US-dominated world.

Saudi Arabia, Iran, the United Arab Emirates, Ethiopia and Egypt accepted invitations to join starting on January 1. Argentina was invited as well, but President Javier Milei, who took office on December 10, decided against joining. Venezuelan President Nicolas Maduro said last month that his country expects to join the BRICS during its summit in October.

Anwar’s comments come as China seeks to deepen ties with smaller nations like Malaysia that have asserted its neutrality in the increasingly intense US-China competition.

Li and Anwar will witness the signing of several memorandum of understanding and agreements including on digital economy, green development, and the export of agriculture-related commodities to China, according to the Malaysian Foreign Ministry.

Edited by Bloomberg

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.184s - 191pq - 2rq
Subscribe Now