Argentina’s Entry into the BRICS: A New Era for Global South Leadership

2023-08-24 10:32:00

This morning the presidential spokeswoman, Gabriella Cerruticommunicated on their social networks that the Argentina will become part of the bloc of the Brics starting next year. Just after the official announcement by the president of South Africa, Cyril Ramaphosa, the spokesperson assured: “The group of emerging economies of Brazil, Russia, India, China and South Africa agreed to the entry into the bloc of Argentina, Saudi Arabia, Egypt, Ethiopia, the United Arab Emirates and Iran. A new era begins in the leadership of the global South”.

Likewise, Cerruti reported that at 8:00 a.m., the president Alberto Fernández of a press conference to explain the scope of this novelty in the political and economic field.

He Argentine ambassador to China, Sabino Vaca Narvajatoday pondered the invitation made by the Brics for the country to join the bloc and He stressed that this expansion “is essential for the development of the countries of the Global South”. “I think this space represents countries that have the same problems and the same needs, so it will be easier to work together to strengthen our development,” Vaca Narvaja said in a statement.

The national official maintained that “expanding this scope is key to building a more harmonious global order where cooperation replaces confrontation; productive development, to financial speculation; the principle of mutual respect, to unilateral interventionism; economic integration, instead of anachronistic sanctions; and the transfer of technology, replacing technological blockades”.

”The Brics is a group of diverse nations. It is an egalitarian association of countries that have different points of view, but a shared vision of a better world”, said the South African president during the fifteenth summit that is being held in Johannesburg and that ends today.

More than 40 nations had applied to join the group. Some requested it directly, such as Algeria, Argentina, Bangladesh, Cuba, Egypt, Ethiopia, Iran, Saudi Arabia and Vietnam. Others simply expressed interest, such as Mexico, Pakistan and Türkiye.

From left to right: Presidents Lula da Silva, Xi Jinping, Cyril Ramaphosa, Narendra Modi and Foreign Minister Sergei Lavrov on behalf of Vladimir PutinRicardo Stuckert – Planalto Palace

Following this decision, as of January 1, 2024, six countries will become full members of this group whose origin dates back to 2006, when Brazil, Russia, India and China met for the first time with a view to moving forward this initiative, which South Africa joined in 2011.

The opening of the block achieved unanimity among the members of the club of emerging powers; yesterday the leaders of Brazil, Russia, China, India and South Africa declared their support for the idea. The group, which produces a quarter of the world’s wealth and accounts for 42% of the planet’s population, wishes to extend its influence and redefine international geopolitical balances.

As expected, the president of Brazil, Luiz Inacio Lula da Silva, was one of the leaders who most emphasized adding Argentina. He assumed the commitment to “reduce the vulnerabilities” of the countries of the South, thanks to “our (those of the Brics) own financial systems.”

In addition to Lula da Silva and Ramaphosa, they were at the official announcement on Indian Prime Minister Narendra Modiand the Presidente de China, Xi Jinping. The president of Russia, Vladimir Putinwas invited, but did not travel due to the arrest warrant against him issued by the International Criminal Court in March for the kidnapping of children during the war in Ukraine. Although it participated virtually, Moscow was represented in the announcement by Russian Foreign Minister Sergey Lavrov.

THE NATION

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