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Argentina Formally Rejects Brics Membership

Argentina Formally Rejects Brics Membership

Argentine President Javier Milei has sent letters to BRICS leaders to formalize his decision to reject an invitation to join the grouping of major emerging economies.

The bloc made up of Brazil, Russia, India, China, and South Africa in August announced it was admitting six new members in a bid to counter the Western-led global order.

The membership of Argentina, Ethiopia, Iran, Saudi Arabia, Egypt, and the United Arab Emirates was due to take effect from January 1, 2024.

The letters signed by Milei and published by several media houses said Argentina’s membership was not considered appropriate at this time.

The libertarian outsider Milei took office this month after his resounding defeat of Argentina’s traditional political parties, and he had vowed on the campaign trail not to join BRICS.

Despite vowing to cut ties with major trading partners China and Brazil, he has taken a more conciliatory tone since coming to office.

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