Malaysia studied all implications before seeking BRICS membership, says PM

The Star

During a question time in Parliament on Tuesday (July 9), Prime Minister Datuk Seri Anwar Ibrahim said Malaysia had studied all the implications and possibilities before expressing its intention to join BRICS.  Read more at https://shorturl.at/Kl2cv  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00There are a lot of people out there, including myself, who are a little worried, still worried about the spread of Malaysia in the BRICS.

00:10So there are a few questions I would like to ask you,

00:15that is, how far, or how deep, or how well,

00:20has the government investigated the implications of the spread of Malaysia in the BRICS

00:26on our country's relations and cooperation with the BRICS member states,

00:31which are made up of countries with different economic, political, and social backgrounds.

00:39And how can Malaysia ensure cohesion in mutual respect,

00:44as well as with countries that are not BRICS members,

00:49especially large powers like the United States,

00:52especially with the issue of dollarization that will be mediated by the BRICS.

00:57I would like an explanation. Thank you.

00:59Please, Mr. Speaker.

01:01Thank you, Mr. Chairman. This is a good question for the people to understand.

01:06In our relations with the existing countries, including the West, including APEC even now,

01:13we do not agree with everything.

01:16In fact, there is a big difference in the Gaza issue,

01:22in the issue of developing countries, in the issue of trade competition in the WTO.

01:29But that does not mean that we have to end the relationship,

01:33especially when the main thing is trade.

01:36It's the same with BRICS.

01:37BRICS, even though the country's system, say China or Russia, is different,

01:43but in terms of trade and cooperation, they are a country that is close to us.

01:50But there are also countries in BRICS, including South Africa or India,

01:57that practice a democratic system that is closer to us.

02:02This also does not hinder their relationship in BRICS with us.

02:07Besides that, countries like the UAE, India, South Africa,

02:13also have good trade and economic cooperation relations with, for example,

02:19Europe, the US, countries that are not together in BRICS.

02:24Therefore, there is no reason why we and several ASEAN countries

02:29that are now asking to be together in BRICS, should feel worried.

02:34Because our attitude is not to mix up the domestic and political affairs of each country,

02:40but to emphasize trade, economy, and widen the network

02:47so that countries and people, especially traders, businessmen, investors, can benefit.

02:55That is why I agree with Mr. Aman.

02:59We should take a little time to study the possibilities and implications.

03:04Therefore, when we see that these countries are also in APEC, also in BRICS,

03:09there is also OECD in BRICS.

03:11Therefore, there is no reason why Malaysia should be excluded from such discussions.

03:25For more information, visit www.ISGlobal.org

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