Malaysia preparing to join Brics economic group

Prime Minister Anwar Ibrahim says Malaysia is preparing to join the Brics group of emerging economies. File image.
Prime Minister Anwar Ibrahim says Malaysia is preparing to join the Brics group of emerging economies. File image.
Image: China Daily via REUTERS

Malaysia is preparing to join the Brics group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha.

The Brics group of nations originally included Brazil, Russia, India, China and South Africa, which gave it the acronym.

The group last year began to expand its membership as it looks to challenge a world order dominated by Western economies, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest.

"We have made a decision, we will be placing the formal procedures soon. We are waiting for the final results from the government in South Africa," Anwar said, according to a video of the interview posted by Guancha on Sunday.

A representative from Anwar's office on Tuesday confirmed his comments to Reuters.

During the interview, he did not provide further details about the application process.

Anwar's comments came ahead of a three-day visit by Chinese Premier Li Qiang this week  as part of celebrations marking the 50th year of diplomatic relations between Malaysia and China.

Malaysia and China are expected to sign several deals during Li's visit, including renewing a five-year trade and economic cooperation agreement. 

Reuters


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