Recently, the BRICS economic bloc, an economic cooperation league that includes Brazil, Russia, India, China, and South Africa, decided to expand its membership and invite non-member countries to attend the 16th BRICS Summit, on 22-24 October 2024 in Kazan, Russian Federation.
With the aim to expand Thailand’s opportunity to play a part in international policy-making and strengthen its role as a leader among developing countries, the Ministry of Foreign Affairs proposed becoming a member of BRICS, and the Cabinet has just approved Thailand’s draft letter of intent.
The draft letter emphasizes Thailand’s efforts that are in line with the principles of BRICS, such as placing importance on multilateralism and increasing the representation of developing countries in the international system.
Joining BRICS would benefit Thailand in many respects, for example, heightening Thailand’s role on the international stage and boosting its prospects of being one of the international economic policy makers. (NNT)
