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Clara Montgomery
Indonesia Officially Joins BRICS Group of Emerging Economies
Indonesia has joined the BRICS group, which includes Russia, China, and other emerging economies. The move is seen as a strategic effort to strengthen ties with developing nations and enhance collaborative economic governance. The Indonesian government expressed gratitude to Russia for facilitating its membership and emphasized the bloc’s goals of equality and sustainable development.
Indonesia has officially joined the BRICS group, which includes major emerging economies such as Russia, China, Brazil, India, and South Africa. The announcement was made by Brazilian officials who stated that the addition of Indonesia marks a significant step towards enhanced collaboration among developing nations. The Indonesian government expressed gratitude towards Russia, the current BRICS chair, for facilitating its accession and acknowledged the importance of this membership in promoting equality and sustainable development in global governance.
The BRICS group, originally established in 2009 with Brazil, Russia, India, and China, has evolved to include additional member countries over the years, including South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. The bloc is increasingly recognized as a counterbalance to Western influence, particularly in economic matters, and advocates for the ‘de-dollarisation’ of international trade. Indonesia’s membership aligns with its commitment to strengthening multilateral cooperation and enhancing its role in global affairs.
Indonesia’s integration into the BRICS group signifies a strategic move to foster collaboration with fellow developing nations. The country’s commitment to promoting equitable and sustainable development is highlighted by its active participation in global economic governance. As BRICS continues to expand and reshape global trade dynamics, Indonesia’s role will be pivotal in advancing the bloc’s objectives, particularly in exploring alternative payment methods in international commerce.
Original Source: www.aljazeera.com
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