washington - Thailand wishes to become the first Southeast Asian member of BRICS, a geopolitical group of developing countries including Brazil, Russia, India, China and South Africa. The Thai Cabinet approved the draft application letter May 28, indicating the country's intention to join the group. But experts suggest the membership may provide Thailand, Southeast Asia's second-largest economy, with mostly symbolic rather than concrete benefits that include existing free-trade agreements with
Global funds have shown interest in purchasing Thai equities, reflecting investor confidence in the market. Recent data indicates a potential economic recovery in Thailand, attributed to government stimulus, growth in tourism, increasing domestic consumption, and favorable valuations.
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