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Malaysia: BRICS serves as crucial platform for economic diversification, enhanced cooperation

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The BRICS cooperation mechanism has become increasingly vital for member countries seeking to diversify their economic strategies, enhance the presence of Global South nations in international affairs, and facilitate cooperation, according to Malaysian official and scholars. Originally composed of Brazil, Russia, India, China, and South Africa, the group has expanded significantly, enhancing development prospects for the Global South. Currently the BRICS countries account for nearly half of the world's population, over 30 percent of GDP and more than half of global economic growth. Experts noted that as BRICS is fulfilling its commitment to inclusiveness and equality, it has brought confidence and significant strength to the world economy. China has always been committed to making deeper and further advances in BRICS cooperation. Last year, the total volume of China's imports and exports with other BRICS members and partners increased by 5.5 percent, accounting for over 10 percent of the country's total foreign trade value. Meanwhile, the New Development Bank set up by the BRICS group has made impressive achievements since its establishment. Headquartered in Shanghai, it has cumulatively approved loans of 35 billion U.S. dollars for more than 100 projects. Brazil will host the 2025 BRICS Summit from July 6 to 7 in Rio de Janeiro. The gathering will focus on tackling global challenges and strengthening economic and strategic cooperation among member nations. Shotlist: Malaysia - Recent: FILE: Kuala Lumpur, Malaysia - Date Unknown 1. Flags, Putrajaya Square; 2. National flag of Malaysia; Malaysia - Recent 3. SOUNDBITE (English) Mohd Faiz Abdullah, Chairman, Institute of Strategic and International Studies in Malaysia (ending with shot 4): "The idea of joining BRICS is less geopolitical than more geo-economic. I think one, it has got to understood that by joining BRICS, first we will get economic diversification strategies and that is considerable. So we are looking at a huge conglomerate, entities of countries, which share certain common purposes that we have."; FILE: Kazan, Russia - Oct 23, 2024 4. Various of BRICS sign, flags of participating countries; FILE: Kuala Lumpur, Malaysia - Date Unknown 5. Various of traffic, Petronas Towers; Malaysia - Recent 6. SOUNDBITE (English) Lai Yew Meng, associate professor, Universiti Malaysia Sabah (starting with shot 5/partially overlaid with shots 7-9/ending with shot 10): "I would say that BRICS has been increasingly serving as a de-facto platform for Global South to voice our shared agenda. And this is exactly where, by leveraging BRICS, Malaysia's voice together with the rest of the Global South or I would rather say Global majority of states would be heard in the global station, global forum, addressing very important globally shared issues."; [SHOTS OVERLAYING SOUNDBITE] FILE: Soweto Township, Johannesburg, South Africa - Aug 15, 2023 7. Sign of BRICS; FILE: Kuala Lumpur, Malaysia - Date Unknown 8. Buildings; 9. Aerial shot of cityscape; [SHOTS OVERLAYING SOUNDBITE] FILE: Kazan, Russia - October 2024 10. Various of banners of BRICS Summit, pedestrians, traffic; Malaysia - Recent 11. SOUNDBITE (English) Bunn Nagara, senior fellow, Renaissance Strategic Research Institute (partially overlaid with shot 12/ending with shot 13): "So now BRICS has come along with the real capacity and resources to get projects on the ground started, and to work together in a more meaningful way. [It] really gives more hope to actually fulfilling the other aspirations of a more moderate and more multipolar world."; [SHOT OVERLAYING SOUNDBITE] FILE: Kuala Lumpur, Malaysia - Date Unknown 12. Various of port scenes, facilities; [SHOT OVERLAYING SOUNDBITE] FILE: Rio de Janeiro, Brazil - April 28, 2025 13. BRICS 2025 Brazilian chairmanship logo. [Restriction - No access Chinese mainland]

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