{"id":65641,"date":"2024-10-24T17:06:19","date_gmt":"2024-10-24T09:06:19","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=65641"},"modified":"2024-10-24T17:06:19","modified_gmt":"2024-10-24T09:06:19","slug":"malaysia-added-to-brics","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/malaysia-added-to-brics","title":{"rendered":"Malaysia And 12 Others Officially Added To BRICS"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Malaysia has recently been officially recognised as one of the 13 nations that have joined BRICS as a partner country. This economic bloc accounts for approximately a fifth of global trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to an update on X (formerly Twitter), the bloc officially <\/span><a href=\"https:\/\/x.com\/BRICSinfo\/status\/1849188857620918642?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" target=\"_blank\" rel=\"noopener noreferrer dofollow\"><span style=\"font-weight: 400;\">added 13 new nations<\/span><\/a><span style=\"font-weight: 400;\"> to the alliance as partner countries, though not yet as full members. Apart from Malaysia, the list includes the following nations as well:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Algeria<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Belarus<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bolivia<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cuba<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indonesia<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Kazakhstan<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nigeria<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Thailand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Turkey<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Uganda<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Uzbekistan<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vietnam<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Back in July this year, Prime Minister Datuk Seri Anwar Ibrahim confirmed that Malaysia had submitted an application to Russia to join the BRICS intergovernmental organisation. Currently, Russia chairs the bloc, which also includes countries such as Brazil, India, China, and South Africa.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What-is-BRICS\"><\/span>What is BRICS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">BRICS was originally formed in 2009 by Brazil, Russia, India, and China as a cooperation platform for emerging economies, with South Africa joining in 2010. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since then, the bloc has expanded to include nations such as Iran, Egypt, Ethiopia, and the United Arab Emirates.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"GDP-of-US266-trillion\"><\/span>GDP of US$26.6 trillion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">About 40 percent of the global population is represented by BRICS. This accounts for a cumulative gross domestic product (GDP) of US$26.6 trillion, or around 26.2 percent of the world\u2019s GDP. This nearly matches the economic strength of the G7 (Group of Seven).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The G7 is an informal grouping of seven of the world&#8217;s advanced economies, including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRICS now has a combined GDP of over 26 trillion USD.<\/p>\n","protected":false},"author":58,"featured_media":65642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[323,982],"class_list":["post-65641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","tag-economy","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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