Indonesia Aims for BRICS Membership

By Editorial Team 09/08/2023
Indonesia's economy
Summary

After trying to join the Organization for Economic Co-operation and Development (OECD), Indonesia is exploring the idea of joining an economic alliance of Brazil, Russia, India, China, and South Africa (BRICS).

The Spectator Index reported that Indonesia and 12 other countries, such as Saudi Arabia, Venezuela, Iran, Mexico, and Argentina, have already applied for BRICS membership.

Indonesia even plans to send a delegation to the BRICS Summit, which will take place in South Africa this August. "That's the plan, just wait [for the announcement] until everything is ready," Foreign Minister Retno Marsudi said on Monday.

Meanwhile, President Joko Widodo denied that Indonesia has joined BRICS. "We will decide [whether to join or not] later," he said on Tuesday.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.