Indonesia’s entry into the BRICS economic cooperation organisation is expected to benefit its domestic mining sector by enhancing trade relations with member countries such as China and India. MIND ID’s director emphasised the importance of broadening trade partnerships while remaining open to collaboration beyond BRICS.
Key Points
- Indonesia’s membership in BRICS opens opportunities for cooperation with other member nations.
- Focus on developing trade relations with key countries like China and India.
- Emphasis on reducing dependency on the US dollar through alternative foreign exchange models.
- Indonesia aims to maintain a broad export orientation and not limit trade to BRICS nations.
- BRICS now consists of 11 members, including new additions like Iran and Saudi Arabia.
Image source: CNBC
For online demos and to follow our product innovations, please join us on LinkedIN
To talk to our team of mining communication experts, head straight to our contact page