Malaysia PM Anwar Urges BRICS to Boost Trade and Explore New Markets

Malaysia Prime Minister Anwar has urged BRICS to increase intra-trade and become a strong force against protectionist policies. At the 17th BRICS Leaders' Summit in Rio De Janeiro, Anwar emphasized the need for Malaysian companies to explore new markets. He believes BRICS can enhance trade within the group and negotiate on equal terms globally. Anwar also called for reforms in international institutions like the UN and WTO for a fairer multilateral system.

At the BRICS Business Forum, Anwar supported Brazil's President Lula and stressed the importance of strategic cooperation between BRICS and ASEAN members. He encouraged Malaysian companies to diversify into new markets and highlighted success stories in Brazil. Anwar discussed bilateral issues with Lula and invited him to visit Malaysia.

Malaysia, as a BRICS partner country, saw a 14.6% increase in trade with Brazil in 2024. The BRICS group, initially formed by Brazil, Russia, India, and China, has expanded to include South Africa and other partner countries like Malaysia. Anwar's push for increased trade and cooperation reflects Malaysia's commitment to engaging with global partners.

According to the source: CNA.