In the lead-up to the XV BRICS Summit, contrasting stances emerged from South America concerning Argentina’s potential role in the BRICS association, a coalition representing emerging economies such as Brazil, Russia, India, China, and South Africa.
Brazilian President, Luiz Inacio Lula da Silva, has vocally supported Argentina’s potential induction into BRICS.
Emphasizing the intertwined economic destinies of Brazil and Argentina, Lula stated, “Brazil’s industrial growth is inextricably linked with Argentina. Their synchronous progression is essential.”
Further underscoring the point, he noted that Argentina is a primary consumer of Brazil’s manufactured products.
Beyond regional dynamics, Lula shed light on broader BRICS objectives.
He floated the idea of a BRICS-specific trade currency, potentially reducing dependency on the US dollar.
Through a statement on the social media platform X, Lula clarified BRICS’ intention is not to challenge entities like the G7 or G20.
Instead, the association represents aspirations of the Global South, seeking parity in global dialogues alongside powerhouses like the European Union and the USA.
The Brazilian leader also delved into South America’s relationship with Africa, expressing concern over diminishing trade values.
Lula emphasized the need for fortified bilateral trade agreements, drawing attention to the lack of direct flights connecting major African cities and São Paulo.
To remedy this, he proposed a multilateral air service council.
Lula sees potential in Brazil to extend its agricultural advancements to African nations, solidifying collaboration.
ARGENTINA IN OR OUT?
However, while Brazil remains keen on Argentina’s BRICS involvement, Argentine President Alberto Fernández has reportedly decided against attending the upcoming summit in Johannesburg, South Africa.
Recent reports from the EFE agency indicate that despite widespread speculation, Argentina’s membership in BRICS seems unlikely for the immediate future.
Argentine diplomatic sources have apparently communicated that the group isn’t actively looking to expand, challenging popular expectations.
Given this scenario, Fernández deemed his presence at the summit unnecessary, even as it marks the first in-person BRICS gathering since the 2020 pandemic onset.