Indonesia has welcomed Brazil's announcement of its full membership in Brics, a bloc of developing economies. Brazil's foreign ministry stated that both countries share the desire to reform global governance institutions and promote cooperation within the Global South. Indonesia views its Brics membership as a strategic step to enhance collaborations with other developing nations based on equality, mutual respect, and sustainable development.
JAKARTA — Indonesia welcomed on Tuesday Brazil 's announcement that it had become a full member of Brics, a bloc of developing economies increasingly seen as a counterweight to the West.The Brazil ian foreign ministry said in a statement on Monday that Southeast Asia's most populous country 'shares with the other members the will to reform the institutions of global governance and contribute positively to cooperation within the Global South .
Brics was created in 2009 by founding members Brazil, Russia, India and China. South Africa joined the following year.The bloc was expanded again last year with Iran, Egypt, Ethiopia and the United Arab Emirates becoming full members.Indonesia sees its Brics membership as 'a strategic step to improve the collaborations and cooperation with other developing nations, based on the principle of equality, mutual respect and sustainable development,' the Jakarta statement said.
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