The government of Javier Milei announced that Argentina would not join the BRICS economic bloc because Argentina's entry planned for January 1 was not opportune.
BUENOS AIRES –
In line with the drastic shift in economic policy following the ascension of far-right Javier Milei as president, Argentina officially gave up Join the block of the developing BRICS economies.
In a letter to the leaders of Brazil, Russia, India, China and South Africa – members of the coalition – Milei stated that “the incorporation of the Argentine Republic into the BRICS as a full member from January 1 is not considered appropriate.” “from 2024”.
The letters are dated December 22, but the Argentine government published them this Friday, the last working day of 2023.
Argentina was in the six Host nations In August, it will join the BRICS countries, which were founded in 2009 by Brazil, Russia, India and China as a counterweight to the Western powers.
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The center-left President of Argentina, Alberto Fernández (2019–2023), subsequently advocated joining this alliance as an opportunity to open up new markets. The BRICS currently represent almost 40% of the world's population and more than a quarter of global GDP.
Milei, who defines himself as an “anarcho-capitalist” – a current within liberalism that seeks the abolition of the state – has taken a series of measures to deregulate the economy, which has been characterized by strong state interventionism in recent decades.
In foreign policy, he announced a full focus on the “free nations of the West,” particularly the United States and Israel.
Also read: Milei government defends reform project submitted to Congress in the face of opposition criticism
Throughout the presidential campaign, Milei also denigrated nations ruled by “communism” and announced that he would not have diplomatic relations with them.
In the letters to his neighbor Luiz Inácio Lula Da Silva of Brazil and to the remaining full members of the BRICS – Xi Jinping of China; Narenda Mondi from India; Vladimir Putin of Russia and Matamela Ramaphosa of South Africa – Milei suggested they “intensify bilateral relations” and increase “trade and investment flows”.
The Argentine president also expressed his willingness to hold meetings with each of the five leaders.
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