DETAIL

Indonesia Officially Joins BRICS as a Full Member

At the beginning of 2025, Indonesia officially became a full member of BRICS, a bloc of developing nations consisting of Brazil, Russia, India, China, and South Africa. The announcement of Indonesia’s membership was made by Brazil, a founding member of BRICS and the holder of the rotating presidency for 2025. This step marks a historic milestone for Indonesia as the world’s fourth-most populous nation.

Significance of Indonesia’s Membership in BRICS
As the largest economy in Southeast Asia, Indonesia brings a commitment to reforming global governance institutions and strengthening South-South cooperation. Joining BRICS underscores Indonesia’s active role in global issues and its commitment to multilateral cooperation to create a more inclusive and equitable global structure.

According to Indonesia’s Ministry of Foreign Affairs, this achievement highlights Indonesia’s strategic position in the international community. Previously, BRICS leaders had endorsed Indonesia’s candidacy in August 2023, but Indonesia opted to postpone its accession until the formation of a newly elected government.

What is BRICS?
BRICS was initially formed in 2009 by Brazil, Russia, India, and China, with South Africa joining a year later. In 2024, the alliance expanded its membership to include Iran, Egypt, Ethiopia, and the United Arab Emirates. BRICS was conceived as a counterweight to the Group of Seven (G7), comprising developed economies such as the United States, Canada, the United Kingdom, France, Germany, Italy, and Japan.

With Indonesia’s accession, BRICS now has ten full members collectively representing 46% of the world’s population and 35% of global Gross Domestic Product (GDP). The group continues to attract interest from other nations, such as Saudi Arabia, which has been invited to join, as well as Turkey, Azerbaijan, and Malaysia, which have formally applied for membership.

Focus and Challenges of BRICS
At the 16th BRICS Summit held in Kazan, Russia, in October 2024, members discussed strengthening local currencies and boosting non-dollar transactions. This move drew criticism from U.S. President-elect Donald Trump, who threatened BRICS countries with 100% tariffs.

In July, Brazil will host the BRICS Summit in Rio de Janeiro. The meeting will be a key moment to reinforce BRICS’ vision of fostering a more balanced global order.

Conclusion
Indonesia’s entry into BRICS reflects its determination to strengthen its influence on the global stage. As the newest member, Indonesia has immense potential to contribute to BRICS’ vision of creating a fairer and more inclusive world order. This step also demonstrates Indonesia’s commitment to playing a strategic role in international affairs.

Trading is safer and more comfortable with Maxco