A new analysis published by Khmer Times makes a case for why Cambodia should join BRICS. Below is a summary of the arguments.
Economic collaboration
The southeast Asian country sees BRICS as a significant economic force with immense potential for collaboration. The alliance represents a combined GDP that accounts for a substantial portion of the global economy. Cambodia aims to tap into this economic powerhouse by fostering trade and investment partnerships. BRICS countries, particularly China and India, have shown interest in investing in Cambodia’s infrastructure projects, including roads, bridges, and energy facilities.
Trade opportunities
Enhancing trade relations with BRICS nations presents promising opportunities for Cambodia’s export-driven economy. China, India, and Russia are major importers of Cambodian goods such as textiles, garments, and agricultural products. By strengthening trade ties with BRICS, Cambodia aims to diversify its export markets and reduce dependence on traditional trading partners. Moreover, Cambodia’s strategic location within the ASEAN region makes it an attractive investment destination for BRICS countries seeking to access Southeast Asian markets.
Infrastructure development
BRICS countries have demonstrated a keen interest in infrastructure development projects worldwide, including southeast Asia. Cambodia, with its growing infrastructure needs, seeks to benefit from BRICS investments in this sector. China’s Belt and Road Initiative (BRI) presents opportunities for Cambodia to improve connectivity through projects like the construction of highways, railways, and ports.
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