Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Participants at the Indonesia-Brazil Business Forum in Brazil on November 17. (Photo: VNA)
Jakarta (VNA) - Indonesian President Prabowo Subianto has shown his country’s desire to become a member of the BRICS - the alliance of major emerging economies initiated by Brazil, Russia, India, China, and South Africa.
Addressing an Indonesia – Brazil business forum in the Latin American country on November 17, the Indonesian leader expressed the commitment to becoming a member of BRICS as part of the country's strategy to strengthen its national economy.
The forum gathered businesses from the two nations to discuss strategic economic cooperation opportunities, including in the areas of energy, industry, and maritime.
Prabowo highlighted similarities between Indonesia and Brazil, stemming from natural resources and strategic vision for the future, saying that the Southeast Asian nation supports Brazil's role as a key member of BRICS, which is increasingly influential on the global stage.
He also emphasised the huge opportunities for cooperation with Brazil in the energy sector, espec🐎ially in developing biofuels and renewable energy, saying that Indonesia is seeking to increase the use of biodiesel to 50% by 2025, using palm oil as the main raw materi🦄al./.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
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The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
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The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
