Thailand sets sights on Brics membership by October summit
Thailand is also looking to join the Organisation for Economic Co-operation and Development
20 June 2024 - 15:28
byChayut Setboonsarng and Panarat Thepgumpanat
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Bangkok — Thailand hopes to become a member of the Brics group of emerging economies at the organisation’s next summit in Russia in October, a foreign ministry official said Thursday.
The Southeast Asian nation submitted a formal request to join at a Brics ministerial meeting a week ago, foreign ministry spokesperson Nikorndej Balankura said.
“We hope to receive positive feedback and be accepted as a Brics member as soon as the next summit, to be held in Russia,” he said.
The Brics group originally consisted of Brazil, Russia, India, China and SA. The acronym is derived from those countries’ names.
In 2023, the group began expanding membership, looking to challenge a Western-dominated world order, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest.
Thailand is also looking to join the Organisation for Economic Co-operation and Development (OECD), after being invited by the Paris-based group to open accession discussions.
“We are putting together an accession road map, conditions and time frame in line with OECD instruments,” said Nikorndej, adding there was no set timeline for joining the group.
“Starting the membership application now will be beneficial. It will help attract foreign investment, generate income and improve people’s quality of life.”
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Thailand sets sights on Brics membership by October summit
Thailand is also looking to join the Organisation for Economic Co-operation and Development
Bangkok — Thailand hopes to become a member of the Brics group of emerging economies at the organisation’s next summit in Russia in October, a foreign ministry official said Thursday.
The Southeast Asian nation submitted a formal request to join at a Brics ministerial meeting a week ago, foreign ministry spokesperson Nikorndej Balankura said.
“We hope to receive positive feedback and be accepted as a Brics member as soon as the next summit, to be held in Russia,” he said.
The Brics group originally consisted of Brazil, Russia, India, China and SA. The acronym is derived from those countries’ names.
In 2023, the group began expanding membership, looking to challenge a Western-dominated world order, with Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates joining and more than 40 countries expressing interest.
Thailand is also looking to join the Organisation for Economic Co-operation and Development (OECD), after being invited by the Paris-based group to open accession discussions.
“We are putting together an accession road map, conditions and time frame in line with OECD instruments,” said Nikorndej, adding there was no set timeline for joining the group.
“Starting the membership application now will be beneficial. It will help attract foreign investment, generate income and improve people’s quality of life.”
Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
GAVIN MAGUIRE: Brics eclipses rest of world for emissions from power generation
China urges greater Brics role as Western sanctions mount
ADEKEYE ADEBAJO: SA needs to embrace an African identity
Russia welcomes Turkey’s reported desire to join Brics
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.