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Xi, Putin score wins as more Asia leaders aim to join BRICS
![IndiaTimes]()
Monday, 24 June 2024
Thailand, a US treaty ally, recently announced its intention to join BRICS, a group consisting of Brazil, Russia, India, China, and South Africa. For countries in Southeast Asia, joining BRICS is seen as a strategy to balance the economic risks from US-China competition. While these nations rely on trade with China, they also value the security and investment provided by the US. Additionally, BRICS membership signals growing frustration with the US-led international order and institutions dominated by Western powers, such as the World Bank and the IMF.
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Monday, 24 June 2024
