A wave of applications to join the BRICS countries has emerged, with Thailand announcing its decision to apply for BRICS membership on May 28.
If approved, Thailand will become the first BRICS member from the Southeast Asian region.
The BRICS group initially comprised Brazil, Russia, India, China, and South Africa. However, over time, the organization expanded to include Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia, who officially joined on January 1, 2024, bringing the total membership to 10.
With over 40 countries waiting to join, the BRICS countries have become one of the most closely watched multilateral international organizations.
Currently, BRICS leadership is dominated by China and Russia, with no Western countries included.
There are indications that the BRICS countries are considering creating their own currency and financial payment system, a move that, if successful, could reshape the global economic landscape, posing significant challenges to Western countries.
For Thailand, joining BRICS means broader development opportunities and deeper international cooperation.
As a member of the Southeast Asian region, Thailand can expect to enjoy more resources and support, potentially enhancing its influence and status in international affairs.
Moreover, Thailand will be better positioned to leverage the BRICS platform to strengthen economic, political, and cultural exchanges with other member countries, promoting mutual development.
However, joining BRICS also presents challenges and pressures for Thailand.
As a new member, Thailand needs to adapt to the organizational structure and mechanisms of BRICS, actively participate in various forms of cooperation, and make positive contributions to the development of the BRICS countries.
Additionally, Thailand needs to establish good cooperative relationships with other member countries, manage their interests and cooperation consensus effectively, and ensure the smooth operation of the BRICS cooperation mechanism.
Overall, joining BRICS will bring both opportunities and challenges for Thailand.
As an important country in the Southeast Asian region, Thailand is expected to play a greater role on the BRICS platform, driving regional and global economic development.
As BRICS cooperation deepens, Thailand will work with other member countries to address global challenges and promote the common prosperity and development of all countries worldwide.
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