KUALA LUMPUR: Malaysia’s involvement as a BRICS Partner Country supports efforts to drive faster, more stable and resilient economic growth, says the Foreign Ministry.
Datuk Seri Mohamad Hasan said Malaysia officially became a BRICS Partner Country on Jan 1.
“Malaysia’s acceptance recognises our independent and non-aligned foreign policy. Being part of BRICS enhances our position on the global stage while complementing our role in multilateral forums such as Asean, the United Nations, the Organisation of Islamic Cooperation, the Non-Aligned Movement and the Group of 77,” he said in a written reply on Tuesday (Dec 2).
He added that BRICS decisions are made by consensus among member countries, and Malaysia will continue to use its partner status to seek support for full membership.
“Partner status allows Malaysia’s voice to be heard more clearly internationally, raising our profile and visibility. It reflects our multilateral approach to addressing global challenges,” Mohamad said.
Highlighting the economic benefits, he said Malaysia’s trade with BRICS countries reached RM818 bil in 2024 – 35.2% of total trade – with exports of RM334.85bil, or 45% of total exports.
BRICS could open new markets, attract foreign direct investment and reduce reliance on traditional trading partners.
The bloc represents more than 3.87 billion people – nearly half the world’s population – and about 27% of global GDP. Key sectors for Malaysia include palm oil, rubber, electricity, electronics, tourism and healthcare services.
“BRICS also offers opportunities for cooperation in energy, critical minerals and technology, supporting Malaysia’s New Industrial Masterplan 2030 and the Energy Transition Roadmap,” he added, noting its alignment with the country’s goals in green growth, digitalisation, renewable energy and high-value industries.
He was replying to Lim Guan Eng (PH–Bagan), who asked about Malaysia’s BRICS application, the obstacles to full membership, and the potential economic and financial benefits.