Argentina says it won’t join the intergovernmental organization known as BRICS—which comprises Brazil, Russia, India, China, and South Africa. That’s despite Chinese Communist Party leader Xi Jinping sending a personal letter to Javier Milei, Argentina’s president-elect.
NTD spoke with Epoch Times Brazil editor-in-chief, Marcos Schotgues, to get his insight on Argentina’s new path forward.
“BRICS has increasingly been China’s and Russia’s way to find legitimacy and access to markets, and access to a broader economy and community,” he said. Argentina’s refusal to join symbolizes a loss of momentum for the bloc, he says, and may precede Argentina’s withdrawal from China’s Belt and Road Initiative.
The expansion of the BRICS group to include Iran and other oil-rich countries, such as Saudi Arabia and the United Arab Emirates, could create a new trading bloc that may not share American interests, Mr. Schotgues believes.