Indonesia's accession to BRICS is expected to significantly enhance its economic growth, said an Indonesian expert on Wednesday after the announcement of the country’s membership. The Indonesian Ministry of Foreign Affairs on Tuesday issued a statement, hailing its full BRICS membership and emphasizing the country's commitment to fostering a more inclusive and equitable global order through multilateral cooperation. Its statement came after Brazil, as the BRICS chair this year, announced one day earlier the official entry of Indonesia as a full member into BRICS. Mohammad Faisal, executive director of Indonesia's Center of Reform on Economics, expressed optimism about the potential benefits. "The new government has set an ambitious economic growth target of eight percent. Joining BRICS will provide a significant impetus to achieve the goal. It needs Indonesia to make extraordinary efforts, particularly in attracting investments. While Indonesia has already attracted substantial investment inflows, there is still room for further growth," he said. Faisal said that collabration with BRICS members like China will bring more trade opportunities, foreign investments and technologies to Indonesia, promoting the sound development of the country's domestic economic ecosystem. He said BRICS countries can expand their collabration into new areas through the integration and complementarity of their strengths. "Looking ahead, the Indonesian government plans to further develop downstream industries, as well as agriculture, plant cultivation, fishery, livestock farming, and forestry. This will create more opportunities for collabration with China, extending beyond current partnerships in infrastructure and nickel smelting to more areas," said Faisal.
Joining BRICS to help boost Indonesia's economic growth: expert
