KUALA LUMPUR: Malaysia would profit economically from expanding the BRICS coalition of states to form “BRICS Plus” by leveraging its international relationships, according to Juwai IQI co-founder and group chief executive officer Kashif Ansari.
He said that the attempt to make BRICS Plus a counterbalance to the G7 deepens the global rivalry between China and the United States, opening up new opportunities for Malaysia to collaborate with both sides to achieve its own economic and policy goals.
Today, China accounts for 70 per cent of economic output among the BRICS nations and 69 per cent of all imports and exports.
Kashif said Malaysia has an opportunity to strengthen ties on both sides and make itself a non-aligned island of prosperity favoured by all.
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