Thailand is aiming to join the BRICS group of emerging economies at the organization’s upcoming summit in Russia this October, according to a Foreign Ministry official. This move coincides with Thailand’s recent steps towards joining the Organization for Economic Co-operation and Development (OECD).
Thailand’s formal request to join BRICS was submitted at a ministerial meeting a week ago, Foreign Ministry spokesperson Nikorndej Balankura announced on Thursday. “We hope to receive positive feedback and be accepted as a BRICS member as soon as the next summit to be held in Russia,” Balankura stated.
Originally composed of Brazil, Russia, India, China, and South Africa, BRICS has expanded its membership recently. The group, which aims to provide a counterbalance to Western influence in global economic affairs, has welcomed Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates. Over 40 other countries have also expressed interest in joining.
Thailand’s bid to join BRICS is part of its broader strategy to enhance its international economic and political engagement. Membership in BRICS could provide Thailand with increased opportunities for economic cooperation, investment, and influence in a diversified global economy.
In parallel, Thailand is also initiating the process of joining the OECD. The Paris-based organization has invited Thailand to begin accession discussions, marking a significant step in the country’s efforts to integrate with global economic standards and practices.
“We are putting together an accession roadmap, conditions and timeframe in line with OECD instruments,” Balankura said, noting that there is no fixed timeline for completing the membership process. He emphasized that starting the application now could attract foreign investment, generate income, and improve the quality of life in Thailand.
Thailand’s simultaneous pursuits of BRICS and OECD memberships reflect its ambition to strengthen its economic position and diversify its international partnerships. Aligning with BRICS can provide Thailand with a platform to engage with some of the world’s largest emerging economies, while OECD membership offers a pathway to deeper integration with advanced economies and adherence to high economic standards.
These efforts illustrate Thailand’s proactive approach to enhancing its role in global economic governance and its commitment to achieving sustainable development and economic resilience.
