New president Milei rejects inclusion in a letter to members of the emerging markets club. The reason: differences in “foreign policy attitudes.”
The Argentine government renounces the inclusion of the South American country in the Brics group of emerging economies as of January. The ultra-liberal president, Javier Milei, formally declared the rejection in a letter to member states Brazil, Russia, India, China and South Africa, as confirmed by Argentine Foreign Minister Diana Mondino in an interview with the newspaper La Nación on Friday -fair.
Milei's letter, published by local media, states: “As you know, the foreign policy stance of the government I headed for several days differs in many cases from that of the previous government.” For this reason, “some decisions previously made will be reviewed”. Milei was sworn in as the new president in early December. He won the elections with radical demands for an economic and political turnaround.
Brics Group should grow by six countries
At a BRICS summit in August in the South African city of Johannesburg, the expansion of the BRICS group to include six new members was surprisingly announced. In addition to Argentina, Saudi Arabia, Iran, the United Arab Emirates, Egypt and Ethiopia are also expected to join the alliance of important emerging countries on January 1, 2024. The then Argentine president Alberto Fernández welcomed the inclusion given his country's geopolitical and economic challenges. .
It was an ideological and practical decision, said Mondino. “The BRICS objective is to negotiate with countries with which we already have agreements,” he added. Milei's government would therefore work to “intensify bilateral relations” with the five BRICS members, the letter said. (APA/dpa)