Second country included in BICS group after India
brasilia. Chinese President Xi Jinping’s dream project, the Belt and Road Initiative (BRI), has suffered another major setback. Brazil has made it clear that it will not be a part of this ambitious plan. Earlier, China had planned to push for the expansion of the BRI during Xi Jinping’s visit to Brazil in November. In fact, the US had warned Brazil to review the potential risks of the BRI, often cited as China’s debt trap. is seen as. After this warning, the Brazilian government decided not to join BRI. Celso Amorim, special adviser on international affairs to the Brazilian President, said, “We are not going to sign on to advance the BRI. “Our objective is to cooperate with Chinese investors, but without officially joining the BRI.”
Brazilian perspective
Amorim explained that Brazil does not want to treat Chinese infrastructure and trade projects as an insurance policy. He said, we want to link some framework to Brazilian infrastructure projects, but for this we will not have to sign the BRI. Brazil’s decision runs counter to Chinese plans to expand the BRI during Xi Jinping’s visit in November.
Brazilian diplomats had advised to postpone the announcement of joining BRI until the results of the US elections. If former President Trump becomes president again, Brazil’s joining the BRI may provide short-term benefits, but its long-term consequences could have a negative impact on US relations. This decision makes it clear that the strategic priorities of countries like Brazil and India give more importance to their relations with America.