Indonesia’s decision to join BRICS+ solely based on perceived economic opportunities is highly imprudent. Although the initiative offers economic advantages, Indonesia already participates in robust platforms such as the G20 and the Regional Comprehensive Economic Partnership (RCEP). It has formidable economic ties with China, which is one of the BRICS+ members. These platforms effectively bolster its international standing and economic advantages without necessitating alignment with a bloc that opposes Western powers.
Indonesia’s eagerness to join BRICS+ won’t be matched by economic advantage.
One week after President Prabowo Subianto’s inauguration, new Foreign Minister Sugiono sought to justify Indonesia’s decision to join the grouping as consistent with Indonesia’s “free” and “active” foreign policy. According to Sugiono, Indonesia's engagement in BRICS did not reflect alignment but rather an effort to be active in every forum.
However, BRICS clearly represents a “revisionist” bloc that opposes the West. Russia’s role in the grouping is tainted by its actions as an aggressor that disrupts global peace.
Originally founded by Brazil, Russia, India, and China, the grouping expanded in 2010 to include South Africa. This year, with four new members in Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates, BRICS has growing clout. BRICS+, as it will be known, represents approximately 45 per cent of the world's population and has economic power equivalent to 28 per cent of the global economy, with a strategic position as the largest crude oil power in the world with a percentage of 44 per cent.
Indonesia rightly held reservations about joining the grouping under Joko Widodo’s administration. Indonesia has other options to maximise its international participation. In terms of value, BRICS+ is not in line with Indonesia’s aspirations to be on the “right” path because it does not accord with the country’s longstanding commitment to the 1955 Bandung conference principle of non-alignment.
BRICS+ is considered a rival to Western institutions such as the International Monetary Fund and the World Bank. In 2015, for example, BRICS created the New Development Bank and the Contingent Reserve Arrangement. BRICS+ is supporting de-dollarisation efforts, which aim to reduce the dominance of the US dollar in international trade. BRICS+ has an economic bent and also ventures into the political realm. Russian President Vladimir Putin, for example, uses BRICS+ as an attempt to break out of Western isolation and as a platform to justify Russia’s invasion of Ukraine.