AS DAN ISRAEL MESTI BAYAR: MAPIM MENUNTUT PERTANGGUNGJAWABAN PENUH ATAS KEMUSNAHAN GAZA
February 19, 2025MAPIM – LANGKAH STRATEGIK MALAYSIA MENYERTAI BRICS MESTI MEMPERKUKUH KEDAULATAN DAN DAYA TAHAN EKONOMI
February 23, 2025Malaysian Consultative Council of Islamic Organizations (MAPIM)
Space U8, Eco Mall , Bukit Jelutong , Shah Alam , Selangor
azmiabdulhamid58@ gmail.com
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Media Statement
23rd February 2025
The Malaysian Consultative Council for Islamic Organization (MAPIM) has recently issued a statement regarding Malaysia’s potential engagement with the BRICS consortium—comprising Brazil, Russia, India, China, and South Africa—and the broader movement towards de-dollarization. MAPIM emphasizes that Malaysia’s involvement in BRICS presents a strategic opportunity to reduce reliance on the US dollar, thereby enhancing the nation’s economic sovereignty and resilience.
Strategic Advantages of De-Dollarization for Malaysia:
- Economic Diversification and Stability: By participating in BRICS initiatives, Malaysia can diversify its trade and investment partnerships, mitigating risks associated with over-dependence on Western economies. This diversification is crucial for economic stability, especially in the face of global financial fluctuations.
- Enhanced Trade Opportunities: Engaging with BRICS allows Malaysia to tap into emerging markets, fostering trade relationships that are not predominantly dollar-centric. This shift can lead to more balanced trade agreements and open new avenues for Malaysian exports.
- Access to Alternative Financial Institutions: Membership in BRICS provides access to institutions like the New Development Bank and the Contingent Reserve Arrangement, offering Malaysia alternative sources of funding and financial support, which can be particularly beneficial during economic downturns. Navigating Geopolitical Dynamics:
While the prospects are promising, MAPIM advises that Malaysia must carefully navigate the geopolitical landscape. Aligning with BRICS and supporting de-dollarization could attract scrutiny or economic pressure from Western nations, particularly the United States. For instance, there have been discussions about potential tariffs on BRICS countries pursuing alternative currencies, which could impact Malaysia’s key industries, such as the semiconductor sector.
MAPIM’s Recommendations:
- Balanced Foreign Policy: Malaysia should maintain a neutral stance, fostering relationships with both Western and BRICS nations to safeguard its economic interests and political autonomy.
- Strengthening Regional Cooperation: Collaborating with ASEAN neighbors to develop regional financial systems can reduce collective dependence on the US dollar, promoting regional economic resilience.
- Public Awareness and Engagement: Educating the Malaysian public and business community about the benefits and challenges of de-dollarization is essential for informed decision-making and national support for such strategic shifts.
In conclusion, MAPIM underscores that while de-dollarization through BRICS offers Malaysia significant opportunities for economic empowerment and diversification, it requires a nuanced and strategic approach to balance benefits with potential geopolitical challenges.
Mohd Azmi Abdul Hamid
President MAPIM
