Thailand is set to join the BRICS group of emerging economies, with hopes of becoming a member at the organisation’s next summit in Russia this October.
The Southeast Asian nation reportedly submitted a formal request at a BRICS ministerial meeting last week, according to Foreign Ministry spokesperson, Nikorndej Balankura.
“We hope to receive positive feedback and be accepted as a BRICS member as soon as the next summit to be held in Russia,” Balankura stated.
The BRICS group, originally consisting of Brazil, Russia, India, China, and South Africa, derives its acronym from the names of these countries. Last year, the group expanded its membership to challenge a Western-dominated world order.
New members include Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates, with more than 40 countries expressing interest in joining.
In addition to its BRICS aspirations, Thailand is also seeking to join the Organisation for Economic Co-operation and Development (OECD).
The Paris-based group has invited Thailand to begin accession discussions.
“We are putting together an accession roadmap, conditions, and timeframe in line with OECD instruments,” said Balankura, noting that there is no set timeline for joining the organisation.
He emphasised that starting the membership application process now will benefit Thailand. “It will help attract foreign investment, generate income, and improve people’s quality of life,” he added.
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