If the former candidate for president of Unión por la Patria won the elections, Sergio Massaentry to the BRICS It was imminent. Unfortunately, since that did not happen, Javier Milei took a strong turn in foreign policy, formalizing the withdrawal through a letter.
The BRICS It is an economic, political and social alliance made up of Brazil, Russia, India, China and South Africa. The bloc, named after the first letters of each country, held its first ministerial meeting in September 2006.
The first summit was June 16, 2009 and was attended by Brazil, Russia, India and China, except South Africa (joined the alliance in 2010). The group’s leaders set the goal of “promoting dialogue and cooperation between countries in a gradual, proactive, pragmatic, open and transparent manner.”
This group represents 46% of the world population and 36% of the world GDP. And they produce 44% of the world’s crude oil. Likewise, these 5 countries are part of the G-20 (Group of Twenty) and are part of the global decisions linked to the global economic and financial system.
The BRICS they manage the New Development Bank (NBD)whose objective is to serve its members and seek to balance the economic power of the International Monetary Fund (IMF) and the World Bank (WB)institutions that are significantly influenced by the White House.
BRICS: the scenario in Argentina’s relationship with Brazil and China
Argentina’s main trading partners are China and Brazil. In interviews with the international press, the president-elect, Javier Mileicalled “communist and corrupt”, Lula Silvahead of state of Brazil. And he added: “I would not meet with Lula.” Regarding commercial relations, he maintained: “I am not going to do business with China nor with any communist country. My allies are United States and Israel”. Instead, Sergio Massaleader of the Renovador Front and former candidate for president of Unión por la Patria, made it clear: “The two most important buyers of Argentine products and labor are Brazil and China”.
Argentina exports tons of meat through meat processing plants to China and automotive companies export to Brazil. Besides, Argentina and Brazil They own 20% of the proteins the world consumes. On the other hand, Argentine soybean oil finds a strategic market in India for their exports. Therefore, as he stated Sergio Massahaving entered the BRICS It had the objective of strengthening Argentina’s trade relations with China and Brazil, also generating a strategic alliance with the bloc as a whole.
Our country has the most important reserves at a global level in many of the energies that the world demands. In this sense, Argentina has the second largest reserves of shale gas and the fourth largest of shale oil. China Tops the shale gas ranking with 1,115.2 billion cubic feet and is followed by Argentina with 802 billion cubic feet.
In the oil ranking it leads The United States with (78.2 billion barrels), Russia (74.5 billion), China (32.2 billion) and in fourth place Argentina with 27 billion barrels of oil.
Diana Mondino China
The member countries of the BRICS They aim to boost collaboration in key sectors such as trade, investment, technology, energy and security. At the same time, they recognize the importance of working together in various areas to consolidate their positions, both individually and collectively, in the international arena.
In this sense, the BRICS As an institution, they offer their members three incentives linked to individual and collective capabilities to carry out cooperation. They are:
- Cooperative mechanism for emerging countries
- Linkage and negotiation platform between emerging countries
- Bridge between developed and emerging countries
The quote you provided appears to be part of an analysis of Argentina’s position regarding its possible joining the group. BRICS (Brazil, Russia, India, China and South Africa). Here it is highlighted that, according to Tokatlian in 2023, there are multiple reasons and benefits for Argentina to join this group:
As Tokatlian points out, there are several reasons and benefits for Argentina to join this group with strong and developing economies. Being a negotiating lever, by being part of an influential group, Argentina could have a stronger position when carrying out negotiations and conflict resolution. Being part of a strong regional bloc would give it greater support in the face of external pressures, increase the country’s external reputation with membership BRICS, improving the image of Argentina worldwide. Finally, obtain greater financing, improve commercial dynamics and increase investment.
The opportunity for Argentina to join the BRICS faded away with Javier Milei’s triumph over Sergio Massa in the November 19 ballot. Unfortunately, a missed opportunity for ideological reasons.
Source: Ambito
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