Joining the BRICS group will bring mutual benefits, characterized by trade and economic opportunities, according to Thai Deputy Prime Minister Anutin Charnvirakul.
BRICS now comprises Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates, with the latter five becoming its members in January this year.
Thailand is bidding to become the latest member of the group.
Russia, the host this year, has invited Thailand to attend October's BRICS summit, something Thailand hopes will be a stepping stone to full membership.
"Any economic and political partnership can always bring mutual benefits, when we start from mutual understanding and knowing one another well. With BRICS, we would share interests in economics and trade opportunities, including digital economy, alternative energy, and of course in assisting one another to promote in the sustainability development," said Charnvirakul.
Charnvirakul also stressed Thailand's offering to the group, as it serves as a strategic gateway to the ASEAN market and a key player in the global food security.
"I would like to emphasize that Thailand has much to offer to the BRICS members. We are at a strategic location in the middle of Southeast Asia, making us a gateway to the ASEAN market with over 600 million people. As one of the main food producers, Thailand could be a great partner for food security, as we aim to be the kitchen of the world," said Charnvirakul.
Thailand can also explore its strength in tourism after joining the BRICS bloc, said Charnvirakul.
"We also have a lot to offer from our tourism industry. If you look at each country in BRICS, you might agree with me that they are all unique and quite exotic to visitors, so is Thailand. This is the area that we can be creative in exploring ways to enhance our strength. And in the big picture, I would say that Thailand could be a bridge that connects BRICS with the ASEAN region for unlimited economic opportunities. With China as one of BRICS key members, I am certain that our journey with BRICS beyond the summit will move forward smoothly," he explained.
The 16th BRICS Summit, the first to be held after the BRICS expansion, is scheduled for Tuesday to Thursday in Kazan, Russia.
Thailand eyes mutual benefits, economic opportunity through BRICS membership
Thailand eyes mutual benefits, economic opportunity through BRICS membership
International observers have commended China's steady development trajectory as a source of confidence and stability for the global economy, with experts from Russia and Mexico highlighting the strategic direction set out in the country's 15th Five-Year Plan (2026-2030).
Chinese lawmakers on Thursday approved the outline of the 15th Five-Year Plan at the closing meeting of the fourth session of the 14th National People's Congress, wrapping up this year's "two sessions", the country's annual political gatherings widely watched around the world.
Experts and officials shared their perspectives on China's policy direction, particularly its focus on technological innovation and systematic development.
"The entire population has benefited from China's economic achievements and successes. At present, preparations for the 15th Five-Year Plan are particularly noteworthy precisely because the country's leadership is striving to reach a new level in addressing social challenges. This five-year period will be extremely difficult in terms of the foreign policy environment. Global turbulence is increasing, and problems and challenges that may come from abroad must be compensated for by internal development. China has successfully done this so far, and is now doing it even more systematically and with greater precision," said Dmitry Novikov, first deputy chairman of the Committee on International Affairs of Russia's State Duma, on Tuesday.
Mexican economist Enrique Dussel, professor of economics at the National Autonomous University of Mexico, said China's remarkable progress in high-tech sectors was a result of the continuity and focus of its innovation policies.
"This is very present in the 'two sessions'. There is a coherent bet regarding high tech. So China does not copy and paste existing technologies, but is increasingly specializing in new disruptive technologies and innovations, from artificial intelligence to electric automobiles, autonomous transportation, nanotechnology and new technologies in which China is becoming the leader," he said.
"China has become the leader in a group of key sectors in global value chains. And very importantly, China today is pushing in these new high tech sectors through policies, such as new productive forces. So everything shows, we expect that China will continue with this path in the next Five-Year Plan," he said.
As global uncertainties mount, observers noted that China's systematic approach to development and its emphasis on shared progress offer valuable lessons and opportunities for cooperation, particularly for countries in the Global South seeking sustainable development pathways.
Int'l observers view China's 15th Five-Year Plan as source of global confidence
