Argentina’s Potential Membership in BRICS and its Impact on International Trade and Political Interests: Analysis and Updates

2023-07-04 05:56:00

The also Permanent Representative of Argentina to the Latin American Integration Association (ALADI) pointed out that Argentina “meets the characteristics of the other BRICS countries”.

“These are middle-income countries with an industrial production structure, a large area, and relatively large populations,” said the Argentine representative.

The objectives and purposes of the South American nation are also aligned with the purpose of the BRICS, Kestelboim stated.

“Argentina’s interest is to begin to improve its participation in international trade through that greater bargaining power and to be able to export products with higher added value”, the official valued.

At the same time, the BRICS would allow the South American nation “to have political support for defend their interests“.

Nor are there any indications to think that joining the group would bring harm, he said.

“There would be no great weaknesses or threats for Argentina, on the contrary, it is very positive,” he considered.

The permanent representative to Mercosur ruled out that “there could be reprisals by some other global power center, such as the EU and the US”.

“On the contrary, Argentina could have more weight at the negotiating table if it got that entry,” Kestelboim concluded.

The president of the New Development Bank (NDB) of the BRICS, Dilma Rousseff, assured the Argentine Minister of Economy and pre-candidate of the ruling party for the presidency, Sergio Massa, that the organization’s board authorized her to vote on the Argentina’s accession to the institution.

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