Category: BRICS

One of the interesting little nuggets buried deep in the 6,000+ word joint statement issued by China and Vietnam at the end of President Xi Jinping's visit to Hanoi on Tuesday was a passing reference to Hanoi's willingness to begin talks to join the BRICS group.

Indonesia on Tuesday announced that it will join the BRICS-backed New Development Bank NDB, headquartered in Shanghai, and has proposed 77 projects for funding. The move strengthens Jakarta’s financial ties with BRICS economies as the bloc expands ...

Thailand’s Foreign Minister Maris Sangiampongsa defended the country’s decision to join BRICS on Monday, stating that membership is in the national interest and will enhance economic growth, technological cooperation, and Thailand’s role in global governance. Addressing Senate questions on ...

Former Brazilian president Dilma Rousseff has been hospitalized in Shanghai for ear inflammation, her team said Tuesday. The 77-year-old economist, who now heads a bank established by the BRICS bloc of developing economies, "is responding well to treatment" and should be ...

At last week's Munich Security Conference, Chinese Foreign Minister Wang Yi touted his country's 5% economic growth last year as a "benefit to the world" thanks to all of the trade it does with countries around the world. ...

Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in July, the current chair Brazil announced Saturday. Other members of the trading bloc include Russia, India, China, South Africa, and others.

As Malaysia strengthens its economic engagement with China, it faces increasing pressure from U.S. President Donald Trump’s renewed tariff threats. Prime Minister Anwar Ibrahim signaled on Tuesday that Malaysia will not be caught in a binary trade war but ...

As Donald Trump prepared to launch a trade war against his North American neighbors on Friday, the U.S. president focused renewed attention on what could be his next target: the ten member states of the BRICS group. The president is seemingly ...

U.S. President Donald Trump reiterated Thursday his threat to place 100 percent tariffs on BRICS nations, as the deadline loomed for him to impose tariffs on Canada and Mexico. Trump had previously threatened 100% tariffs on BRICS nations—a bloc including Brazil, ...

Indonesia’s non-oil and gas exports to BRICS nations saw a slight decline in 2024, according to the latest report from the Indonesian Central Bureau of Statistics (BPS). Exports to the five founding BRICS members, Brazil, Russia, India, China, and South Africa, totaled more than $84 billion in ...

By Juan Sebastián Serrano Brazil will seek to build relationships and not worsen an already tense global mood while holding the rotating presidency of the BRICS bloc of developing economies, a top official told AFP. ...

Indonesia has become the latest formal member of the BRICS group. The Brazilian Foreign Ministry announced that the economic powerhouse was unanimously accepted by the group of emerging powers. China’s Foreign Ministry praised the move as “in line with the common interest of BRICS member states and the ...