Business · Malaysia Bureau
Anwar urges BRICS to tackle global trade imbalances
Malaysia's Prime Minister has called on the BRICS bloc to address inequities in international commerce, positioning the grouping as a counterweight to Western market dominance.
LSN Malaysia ·
Prime Minister Anwar Ibrahim has appealed to BRICS nations to take decisive action against unfair practices in global trade, citing the bloc's potential to reshape economic relationships on the world stage.
Anwar highlighted BRICS as a significant platform for promoting trade diversity while simultaneously reducing reliance on Western markets, according to remarks made at a high-level engagement with the grouping.
The Malaysian leader's intervention underscores growing concerns among developing nations about trade imbalances and the concentration of economic power in Western-dominated institutions. BRICS, comprising Brazil, Russia, India, China, and South Africa, has positioned itself as an alternative forum for economic cooperation among major emerging economies.
Anwar's call reflects Malaysia's strategic interest in strengthening ties with major non-Western powers as the country navigates complex global supply chains and seeks to diversify its economic partnerships beyond traditional Western trading blocs.
The comments come as BRICS continues to expand its membership and influence, with the grouping seeking to create alternative structures for international commerce and financial cooperation.