Indonesia Joins BRICS; Russian Export Center Exploring Domestic Market

1 week ago 4

Logo of BRICS 2024. Alexei Danichev/BRICS-RUSSIA2024

TEMPO.CO, Jakarta - The Russian Export Center (REC) sees Indonesia as a highly promising market for export expansion. With its status as Southeast Asia’s largest economy and newly admitted membership in BRICS (Brazil, Russia, India, China, and South Africa), a bloc of countries working together to elevate their influence in the global economy, Indonesia is attracting growing attention from Russian businesses.

“Indonesia is one of Russia’s most promising export destinations. Now is the right time for Russian businesses to enter the Indonesian market and take advantage of the tools and opportunities available,” said REC Director General Veronika Nikishina in a written statement Tempo received on Monday, April 7.

Veronika said that the REC will lead its first business mission to Jakarta, scheduled to take place from April 14 to 15 at the Raffles Hotel. “More than 30 Russian companies will participate, including producers of digital solutions, food products, and various industrial goods,” she said.

According to her, REC’s presence in this inaugural trade mission will have a positive impact on Indonesian entrepreneurs. The event is expected to open doors for business partnerships and direct engagement between Russian companies and Indonesian counterparts.

Indonesia was officially announced as a new member of BRICS by the Brazilian government on Monday, January 6, 2025. Originally founded in 2009 as an informal club, BRICS provides a platform for member states to challenge the global order long dominated by the United States and its Western allies.

Pandu Utama Manggala, an Indonesian diplomat serving in the Strategic Support Bureau of the Ministry of Foreign Affairs, said the decision to join BRICS marks a new chapter in Indonesia’s diplomatic trajectory.

Through its membership in BRICS, Pandu noted, Indonesia is reinforcing its identity as part of a coalition committed to reforming global governance.

“BRICS offers more than just stronger economic ties. It provides a strategic platform to advocate for reforms in global institutions often seen as unfair to developing countries,” he said, as quoted in a Tempo opinion column.

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