Is Mexico looking to join the Brics this year? This is known

MEXICO CITY.— This weekend it emerged on social networks that the government of Mexico, chaired by Andrés Manuel López Obrador, applied to join the group this year of emerging economies known as Brics.

However, so far no Mexican official or official page has confirmed this information and, in fact, on the same social networks it is said to be false.

The Brics group would seek to increase its membership

On February 28, the former Brazilian president and president of the New Development Bank of the Brics group, Dilma Rousseffattended the opening ceremony of the meeting of Finance Ministers and Presidents of Central Banks of the Group of 20 (G20), in São Paulo, Brazil.

At the meeting, Brazil proposed discussing a “redefinition” of globalization that includes a minimum global tax on the super richat the start of the meeting of finance ministers and presidents of Central Banks of the Group of 20 (G20), made up of the largest economies in the world, in the Brazilian city of São Paulo.

At the end of August 2023, following the announcement that the Brics countries agreed to expand their membershipthe president of Bolivia, Luis Arce Catacora, said that his country hopes to become a strategic partner of the bloc.

For emerging markets and developing countries, joining the Brics group allows them to jointly pursue development, while safeguarding national sovereignty and economic independence, said Fernando Huanacuni Mamani, former Bolivian foreign minister.

Is Mexico looking to join the Brics this year?

Yesterday Saturday afternoon, on his social network account “X”, formerly Twitter, the Brics group announced that Mexico requested entry into that organization.

But neither on social networks nor on the group’s official site were any details or more information offered about said request.

In fact, it also emerged on social networks that the information would be false and it is not the first time that something similar has been spread.

In October 2023, the president of Mexico, Andrés Manuel López Obradordistanced itself from the policies promoted by the Brics countries.

President López Obrador rejected the proposal to de-dollarize trade promoted by the bloc formed by Brazil, Russia, India, China and South Africa (BRICs) due to the importance of Mexico’s trade with the United States.

“We are going to continue maintaining the dollar as the world’s reference currency in our economic, commercial and financial relationship, basically, for many reasons, among others, because of our neighborhood,” declared the president.

The bloc’s leaders announced at their summit in South Africa in August 2023 that they would explore mechanisms to trade local currencies to the detriment of the dollar.

López Obrador also rejected Mexico’s participation in these strategies and, at the same time, justified his refusal to join the bloc.

You might also be interested: “Argentina rejects its entry into the BRICS group”

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2024-04-17 01:45:35

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