Indonesia’s Potential BRICS Membership: Advantages and Economic Opportunities

2023-08-30 11:31:00

“We hope that Indonesia can join the BRICS soon, even if the president [indonesio Joko] Widodo said that he was still considering our accession [a la alianza]Said Abdullah announced at a parliamentary working meeting.

According to the official, Indonesia’s accession to the alliance will provide the country with a series of advantages. In particular, Indonesia believes that the alliance can support the country’s efforts to develop local currency payments.

“The BRICS spirit should be Indonesia’s new hope to increase economic growth, reduce dependence on the US dollar and develop investment,” Said Abdullah explained.

He also warned the government to beware of economic slowdowns in China, Japan and the United States, as these three countries are Indonesia’s strategic trading partners.

The deputy estimated that the country’s accession to the BRICS might reduce dependence on these states.

During the group’s forum, the incorporation of Argentina, Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia and Iran was approved, which will become members of the association as of January 1, 2024.

Despite reports of Indonesia’s request to join the alliance, the country He is not among the new members.

1693403373
#Indonesian #Parliament #calls #countrys #early #accession #BRICS

Photo of author

Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

Filip Zadina’s Career Path: From the Red Wings to the San Jose Sharks – Can He Revive His Hockey Journey?

Overcrowded Prisons in Belgium: The Impact on Prison Guards’ Well-Being and Safety

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.