THE ROLE OF INDONESIA IN FORMING THE AGRARIAN POTENTIAL OF BRICS

Issue № 2, 2025, article № 2, pages 19-26

Section:

Language: Russian

Original language title: РОЛЬ ИНДОНЕЗИИ В ФОРМИРОВАНИИ АГРАРНОГО ПОТЕНЦИАЛА БРИКС

Keywords: BRICS, AGRICULTURAL POTENTIAL, AGRICULTURE, EXPORT, IMPORT, FISHERIES, COMPETITIVE ADVANTAGES

Abstract: Indonesia, the world's fourth-most populous country with a powerful economic base, has become a full member of BRICS. Indonesia's entry into BRICS comes at a time of great power rivalry in Southeast Asia, with the United States and China pushing hard to increase their influence. This underlines its strategic value in terms of further economic integration, expansion, high-quality agrarian and industrial cooperation, modernization and digitalization. Currently, nine of the world's 20 most populous countries are members of BRICS, with a combined population of nearly 4 billion. BRICS members are world leaders in the production of essential commodities such as grain, meat, crude oil, natural gas, and strategic minerals such as iron ore, copper, and nickel, creating numerous mutually beneficial opportunities. It is clear that the BRICS countries will continue strengthen economic partnerships, expand infrastructure and financial capacity, promote the interests of the Global South, and attract investment. In 2024, Indonesia’s trade volume with the BRICS countries reached approximately US$150 billion, reflecting the bloc’s importance as a trading partner. Expanding this trade is critical to Indonesia’s target of 8% of GDP export growth. This also creates a strategic foothold for other ASEAN (Association of Southeast Asian Nations) countries to consider joining BRICS in the future. Indonesia’s membership in BRICS, given its status as the world’s largest Muslim-majority country with a GDP of US$1.4 trillion (the 16th largest in the world), export revenues of US$350 billion, and its role as a key tourist destination, is significant. Indonesia, a member of the G20 and a founding member of ASEAN, is strengthening the bloc and expanding trade and investment ties in Southeast Asia through integration. It is worth noting that China, South Korea and Japan have also joined ASEAN, thus forming the most powerful financial and economic foundation of ASEAN. Currently, BRICS countries have a larger consumer market for their agrarian exports, a larger labor force to achieve economic stability and sustainable development, and productive channels for the introduction of green technologies and artificial intelligence. It is also expected to make a significant contribution to energy and food security in the future. This article examines the state of Indonesia's agricultural sector in the context of joining BRICS.

Authors: Prokhorenko Oksana Sergeevna, Popova Karolina IUrevna