Trade with BRICS countries rose 20% to over RM480bil this year, Dewan Rakyat told

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Published on 29 Oct 2026 5:31:41 PM

Malaysia's trade with BRICS member countries rose 20% to RM481.02bil in the first half of the year, as the government seeks to diversify export markets, attract high-value investments and reduce reliance on traditional trading partners.

Deputy Foreign Minister Datuk Lukanisman Awang Sauni told the Dewan Rakyat on Thursday (Oct 29) that Malaysia's participation as a BRICS partner country would open access to markets where it has no free trade agreements, while strengthening cooperation in strategic sectors such as semiconductors, AI, green technology, cybersecurity and renewable energy.

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Keywords
dewan rakyat, parliament, foreign ministry, lukanisman awang sauni, brics, trade, exports, trade settlements, new markets, high-value services, supply chains, investment, technology transfer, strategic sectors, news, thestartv, the star, government

Keywords:
dewan rakyat, parliament, foreign ministry, lukanisman awang sauni, brics, trade, exports, trade settlements, new markets, high-value services, supply chains, investment, technology transfer, strategic sectors, news, thestartv, the star, government