Malaysia Vows Deeper BRICS Ties
(MENAFN) On Tuesday, Malaysia reaffirmed its dedication to deepening economic, trade, and investment partnerships with BRICS nations, emphasizing the critical role of artificial intelligence (AI) as a driver for inclusive growth.
This declaration follows US President Donald Trump’s warning late Sunday that countries siding with the BRICS bloc’s anti-American policies risk facing an extra 10% tariff.
Investment, Trade and Industry Minister Zafrul Abdul Aziz highlighted the urgency, stating, “With Asean’s digital economy expected to reach US$2 trillion (US$1=RM4.231) by 2030, this is a golden opportunity that we cannot afford to waste.”
According to Zafrul, Malaysia remains committed to enabling local businesses to confidently pursue emerging markets, according to a state-run news agency.
"Malaysia’s commitment is to strengthen a rules-based and inclusive trading system," he affirmed.
The minister further added, “Together, we build a more just and progressive global economic future.”
Zafrul was part of the delegation led by Prime Minister Anwar Ibrahim at the 17th BRICS Leaders’ Summit held in Brazil.
BRICS members have increasingly pushed for alternatives to the US dollar in recent years, especially after sanctions targeted Russia in 2022, following the launch of its “special military operation” in Ukraine.
Originally founded in 2009 by Brazil, Russia, India, and China—with South Africa joining in 2010—the group has since expanded to 11 members, including Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, Indonesia, and Iran, alongside 10 strategic partners.
The coalition is focused on developing alternative financial systems, reducing dependence on the dollar, and enhancing representation for Global South countries in international bodies, aiming to challenge the prevailing Western-led global governance framework.
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