Malaysia’s BRICS+ partnership marks a strategic shift, positioning it as a key trade and technology hub in Southeast Asia. As a BRICS Bridge, Malaysia can enhance regional cooperation, diversify its trade balance away from the West, and attract investment in energy, digital economy, and infrastructure. By reducing reliance on the US dollar and leveraging BRICS Pay, Malaysia aims to strengthen its economic resilience and expand its global influence.
BRICS bridge- Malaysia’s joining BRICS+ opens a new chapter in its economic and diplomatic strategy. The country seeks to reinforce its global economic stature and establish itself as a trade and technology nexus in Southeast Asia. According to experts, Malaysia could develop into the energy hub for BRICS by utilizing its natural resources and green technology initiatives. At the same time, its expanding knowhow in the digital economy, covering AI, fintech, and e-commerce, makes it the ideal gateway between BRICS economies and Southeast Asia. But can this partnership reshape trade dynamics in the region?
This shift not only diversifies Malaysia’s economic development but also complements its geopolitical position. As the current chair of ASEAN, Malaysia has a unique opportunity to strengthen regional cooperation and build deeper bilateral ties with BRICS heavyweights like China, India, and Russia. This convergence can help tilt Malaysia’s trade balance away from its historical dependence on the West towards deeper engagement with emerging economies. However, new risks emerge—such as balancing political and economic pressures from the West while aligning with BRICS’ trade and financial policies. As a BRICS Bridge, Malaysia has the potential to create new trade and investment pathways between BRICS economies and Southeast Asia, solidifying its position as an emerging economic powerhouse.
A key aspect of this transition is reducing Malaysia’s reliance on the US dollar and integrating into alternative financial ecosystems. BRICS Pay presents an opportunity for Malaysia to support an independent financial system and reshape global trade transactions. Economists suggest that instead of rushing into new trade agreements, Malaysia should maximize existing deals like RCEP to attract BRICS investment. Will this alliance propel Malaysia to the forefront of the Asian economy?