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Brics

Brics
Brics (an acronym for Brazil, Russia, India, China and South Africa) refers to an association of leading emerging markets. South Africa joined the group in 2010.
last updated:
24 October, 2024
Malaysia’s Defence Minister Mohamed Khaled Nordin receives an Asean emblem at the handover of Asean chairmanship in Laos on November 21. Photo: AP
Asean

Asian Angle | Why Asean’s neutrality is our greatest asset in a divided world

As Malaysia prepares to assume the 2025 Asean chair, its trade minister argues for a unified approach to navigate the US-China rivalry.

Ukraine war

Xi Jinping tells Medvedev China seeks political solution to Ukraine crisis

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US-China trade war

Outside In | Trump’s destructive impact on world trade could take decades to unravel

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Asean

Will Trump’s tariff threat push Southeast Asian nations away from China-led Brics?

Analysts warn nations to consider the risks of joining Brics, which could bring economic gains but may alienate the US and lead to trade barriers.

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US President-elect Donald Trump’s threat to impose tariffs on Brics nations if they create a rival currency to the US dollar has raised concerns for Southeast Asian countries. Photo: TNS
Ukraine war

How Trump’s push to end Ukraine war tips his hand on China, Russia

US president-elect likely to encounter difficulties given the three countries’ aligned interests in challenging the West, analysts say.

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Currencies

Opinion | Trump’s fuming over unlikely ‘Brics currency’ belies risks of de-dollarisation

Trump’s threat of tariffs over a currency that will likely never exist is a reminder of how much clout the dollar has in the developing world.

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US-China relations

WTO boss urges middle powers to defend global system ahead of US-China trade war

Deepening fragmentation looms with Donald Trump’s return to White House and joint diplomacy needed, says re-elected Nigerian economist.

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Ngozi Okonjo-Iweala, the World Trade Organization’s director general, speaks at a press conference in Geneva, Switzerland, on November 29, 2024. Photo: AFP
US-China relations

Trump threatens Brics countries with huge tariff if they undercut US dollar

The group, which includes Brazil, Russia, India, China and others, discussed boosting non-dollar transactions at a recent summit.

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Middle East

Opinion | Why Gulf countries don’t want to choose between China and the US

While Trump 2.0 could complicate the Gulf Cooperation Council’s relations with Beijing, member states are unlikely to sever ties with either power.

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United States

Opinion | World must forge ahead with globalisation, with or without the US

Washington has long resisted efforts to reform the Western-centric international order. Now Trump appears poised to withdraw from it altogether.

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Illustration: Craig Stephens
United States

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

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Donald Trump at an election night watch party at the Palm Beach Convention Centre on November 6 in Florida. Photo: AP
Ukraine war

Malaysia’s Ukraine stance, closeness to Russia could harm its image: analysts

Kuala Lumpur’s refusal to condemn Moscow and growing ties with Putin in a bid to join the Brics bloc may undermine its non-aligned stance.

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India

India’s Modi holds talks in Nigeria en route to G20

Prime Minister Narendra Modi met Nigeria’s President Bola Tinubu on Sunday, amid deepening ties between the two countries.

Malaysia

Malaysia’s Anwar warns of impact from Trump’s plan to slap tariffs on imports

Prime Minister Anwar Ibrahim says any new US tariffs will affect Malaysia regardless of its links with Brics.

Technicians work at a semiconductor plant in Kuala Lumpur. Photo: AFP
Malaysia

‘Great consequence’: Malaysia invites China to join Asean summit with Gulf bloc

Prime Minister Anwar Ibrahim says China’s presence at the Asean-GCC summit could help boost regional growth.

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Malaysian Prime Minister Anwar Ibrahim speaks at the opening ceremony of the 7th China International Import Expo (CIIE) in Shanghai, China, on November 5. Photo: Reuters
US-China relations

US accuses Russia and China of ‘shamelessly’ shielding North Korea

UN ambassadors trade barbs over North Korea’s test-launch of an intercontinental ballistic missile last week.

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Asean

Opinion | Asean won’t become obsolete just because a few members join Brics

Southeast Asian nations’ interest in joining the grouping is consistent with the region’s geopolitical hedging and may well strengthen Asean’s clout.

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South China Sea

How Indonesia is going its own way on Beijing, Brics and the South China Sea

Jakarta is aiming for full membership of the bloc while also asserting itself in the Natuna Islands.

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Indonesia’s coastguard shadows a China Coast Guard vessel in North Natuna waters on October 25. Photo: BAKAMLA via AP
Climate change

Opinion | Cop29 is Azerbaijan’s moment to step into the global sunshine

The UN climate conference will shine a spotlight on the major oil producer’s energy transition, peace efforts with Armenia and geocritical location.

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Indonesia

Will Prabowo’s Brics ambitions reshape Indonesia’s ties with Russia and China?

Indonesia’s new president is wasting no time pursuing a more active foreign policy to position his country as a leader of the Global South.

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India

Opinion | Border deal a hopeful sign of a turnaround in China-India relations playing

For a start, the deal must not be seen as a tactical reconciliation, political bargaining chip or subject to a unilateral interpretation.

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Illustration: Craig Stephens
Ukraine war

US, China in ‘robust conversation’ on North Korean troops in Russia: Blinken

Beijing urged to do more to curb ‘provocative’ actions taken by its close partners Moscow and Pyongyang, says America’s top diplomat.

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US Secretary of State Antony Blinken speaks during a news conference at the State Department in Washington on Thursday. Photo: Getty Images via AFP
India

India and China troop disengagement ‘almost complete’ after historic border pact

The disengagement process by India and China marks a significant step towards easing tensions after a four-year stand-off.

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Diplomacy

Opinion | Brics’ power lies in its ability to win friends and influence others

The grouping is a long way from being able to set international norms and standards, but it is becoming increasingly able to reshape them.

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Indonesia

As Indonesia’s Prabowo eyes Brics membership, why is rest of Asean ‘anxious’?

Doubts swirl about Asean’s significance for President Prabowo as Indonesia pursues Brics membership – a move his predecessor had ruled out.

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Indonesian President Prabowo Subianto salutes at a swearing-in ceremony in Jakarta on October 22. Photo: AP
Vietnam

Vietnam’s ‘sweet spot’ strategy balances Brics engagement with Western ties

As a Brics partner, Vietnam’s choice of alignment showcases the bloc’s growing influence – while avoiding the pitfalls of full membership.

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Russian President Vladimir Putin greets Vietnamese Prime Minister Pham Minh Chinh during their bilateral meeting on the sidelines of the Brics summit in Kazan on October 24. Photo: AFP
Diplomacy

Opinion | Brics is not anti-West, it just wants a fairer world order

In championing economic inclusivity and strategic autonomy, pioneering financial innovation and promoting peace, Brics is a force for good.

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Diplomacy

Editorial | Greater cooperation by Brics nations to benefit global stability

As more countries join bloc, President Xi Jinping is urging members to take green, low-carbon route and practise ‘true multilateralism’.

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