Malaysia will soon start formal proceedings to join the Brics geopolitical bloc, Prime Minister Anwar Ibrahim said today.
“We have already explained our policy and made our decision. We will start formal proceedings soon,” Sputniknews reported Anwar as saying in an interview with the founder of Chinese news outlet Guancha, Li Shimo, when asked when Malaysia was planning to join.
Brics was established in 2009 as a cooperation platform for the largest emerging economies, initially uniting Brazil, Russia, India, and China.
Brics countries operate as an organisation that seeks to further economic cooperation amongst member nations and increase their economic and political standing in the world.
The founding nations have been among the world's fastest-growing market economies for years.
South Africa joined the group in 2010. Russia assumed the bloc’s rotating presidency on Jan 1. On the same day, Brics expanded its membership to include Egypt, Ethiopia, Iran, and the UAE.
- Bernama
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