Indonesia’s move to join Brics signals Prabowo’s global ambitions – but risks loom
Observers say Indonesia could open itself up to geopolitical risks, and also trade risks in the form of tariff hikes imposed by Trump
Add BT as a preferred source
[JAKARTA] Indonesia’s full membership in Brics – the alliance among founding countries Brazil, Russia, India, China, and South Africa – is expected to beef up President Prabowo Subianto’s strategic ambition of attracting more foreign investments in an increasingly complex, multipolar world.
Market observers say the latest move to join the grouping led by China and Russia also reflects Indonesia’s aim to broaden its alliances and strengthen its geopolitical flexibility.
Dedi Dinarto, lead Indonesia analyst at the public policy advisory firm Global Counsel, said Indonesia’s entry into Brics positions the country to be nimble and ready for any shift away from Western-led systems.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
