Thailand Hopes To Gain BRICS Membership at October Summit

Thailand is aiming to become a member of the BRICS group of emerging economies at the upcoming summit scheduled in Russia this October, according to a statement from a foreign ministry official on Thursday.

Last week, at a BRICS ministerial gathering, Thailand made a formal application to join the group, as announced by 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,” Nikorndej stated.

Initially, BRICS was an acronym for Brazil, Russia, India, China, and South Africa, representing the founding member countries.

Recently, the group has initiated its expansion, welcoming new members such as Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates last year.

This move is seen as an effort to counterbalance the predominantly Western influence in global economics, with over 40 nations now showing interest in joining.

In addition to its BRICS membership bid, Thailand is pursuing membership in the Organisation for Economic Co-operation and Development (OECD), following an invitation from the Paris-based consortium to begin accession discussions.

Nikorndej elaborated on the process, stating, “We are currently preparing an accession roadmap that aligns with OECD standards, although there is no definitive timeline for our admission.”

He further emphasized the strategic timing of these applications, noting, “Starting the membership application now will be beneficial. It will help attract foreign investment, generate income, and improve people’s quality of life.”