Ritam Digital English
  • Home
  • Nation
  • World
  • Videos
    • Special Updates
    • Entertainment
    • Legal
    • Business
    • History
    • Viral Videos
  • Politics
  • Business
  • Lifestyle
    • Entertainment
    • Health
    • Food
    • Fashion
    • Viral
  • Sports
  • Opinion
No Result
View All Result
Ritam Digital English
  • Home
  • Nation
  • World
  • Videos
    • Special Updates
    • Entertainment
    • Legal
    • Business
    • History
    • Viral Videos
  • Politics
  • Business
  • Lifestyle
    • Entertainment
    • Health
    • Food
    • Fashion
    • Viral
  • Sports
  • Opinion
No Result
View All Result
Ritam Digital English
No Result
View All Result
  • Home
  • Nation
  • World
  • Videos
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Sci & Tech
  • Sports
  • Opinion
Home World

Argentina’s President Javier Milei Withdraws from BRICS Membership Plans

In a surprising move, newly elected far-right President of Argentina, Javier Milei, has decided to pull out of plans to join the BRICS bloc of developing economies.

Editor Ritam English by Editor Ritam English
Dec 30, 2023, 06:20 pm IST
Argentina's President Javier Milei Withdraws from BRICS Membership Plans

Argentina's President Javier Milei Withdraws from BRICS Membership Plans

FacebookTwitterWhatsAppTelegram

In a surprising move, newly elected far-right President of Argentina, Javier Milei, has decided to pull out of plans to join the BRICS bloc of developing economies. This decision, reported by a media agency, was conveyed through a letter dated December 22, in which Milei expressed that the timing for Argentina’s membership in the bloc is not opportune.

Fulfilling a campaign promise to pursue closer ties with Western nations, President Milei highlighted that his approach to foreign affairs significantly differs from that of the previous government. He emphasized the need to review some decisions made by the prior administration in this context.

Argentina’s previous President, Alberto Fernandez, had advocated for the country’s inclusion in BRICS as a means to foster economic relations with the bloc, which represents approximately 25% of the world GDP. However, Milei, a self-described anarcho-libertarian, is shifting gears, indicating a clear intention to align Argentina’s foreign policy more closely with Western countries.

Media report says that Milei, in his three weeks in office, has already implemented sweeping changes, ranging from expediting divorce procedures to deregulating prices and eliminating subsidies.

During his campaign, Milei criticized countries led by communism, specifically pointing out China and Brazil, while expressing a desire to align Argentina with “free nations of the West,” including Israel and the United States, in both economic and foreign policy matters.

Despite withdrawing from BRICS, Milei’s letter to the leaders of Brazil, Russia, India, China, and South Africa emphasized Argentina’s commitment to intensifying bilateral ties to enhance trade and investment flows, signaling a different approach to global partnerships.

However, domestically, President Milei is encountering resistance from powerful organized labor groups as he implements a program of economic “shock therapy” and deregulation. These measures come at a time when Argentina is grappling with soaring inflation rates.

It’s worth noting that the BRICS grouping, consisting of Brazil, Russia, India, China, and South Africa, announced its decision to invite six new members, including Argentina, to join beginning January 1, 2024. The expansion could potentially transform BRICS from a geoeconomic to a geopolitical platform, bringing in countries from the Middle East and Africa.

Tags: Javier MileiBRICS blocArgentina's membershipPresident MileiArgentina President Javier MileiArgentinaPresident Javier Milei
ShareTweetSendShare

Related News

Daniel Pearl was kidnapped and brutally killed (PC: Business Today)
World

How Operation Sindoor Brought Justice To Daniel Pearl After 23 Years Along With Pahalgam Victims

‘Not Our Business’: US Vice President Vance Rules Out Involvement in India-Pakistan Conflict
Nation

‘Not Our Business’: US Vice President Vance Rules Out Involvement in India-Pakistan Conflict

Exposing Pakistan’s Lies: A List of 7 Absurd Claims Made By Attaullah Tarar On TV
World

Exposing Pakistan’s Lies: A List of 7 Absurd Claims Made By Attaullah Tarar On TV

India’s Operation Sindoor Exposes Pakistan’s Economic Weakness- Is Collapse Next?
Nation

India’s Operation Sindoor Exposes Pakistan’s Economic Weakness- Is Collapse Next?

Why Does UN Chief Antonio Guterres Stay Silent on Islamic Terror but Always Questions India?
World

Why Does UN Chief Antonio Guterres Stay Silent on Islamic Terror but Always Questions India?

Comments

The comments posted here/below/in the given space are not on behalf of Ritam Digital Media Foundation. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Daniel Pearl was kidnapped and brutally killed (PC: Business Today)

How Operation Sindoor Brought Justice To Daniel Pearl After 23 Years Along With Pahalgam Victims

India’s Mighty Air Defence Shield: A Triumph of Technology, Strategy, and Self-Reliance

India’s Mighty Air Defence Shield: A Triumph of Technology, Strategy, and Self-Reliance

RSS Says Operation Sindoor Boosts Nation’s Courage as India Strikes Back at Pakistan for Pahalgam Attack

RSS Says Operation Sindoor Boosts Nation’s Courage as India Strikes Back at Pakistan for Pahalgam Attack

Arfa Khanum Sherwani, Saba Naqvi, Pratik-Sinha (PC: OpIndia)

Modi-Haters, Leftists And Seculars Remember Peace When India Retaliates Against Pakistan

How Did India Stop Pakistan’s Missile Attack Twice in 48 Hours? Inside the Real Power of Our Air Defence Wall

How Did India Stop Pakistan’s Missile Attack Twice in 48 Hours? Inside the Real Power of Our Air Defence Wall

50 Pakistani Drones Down By Indian Army (PC: Kalinga TV )

India’s Air Defence System Destroys 50 Pakistani Drones In Mega Security Operation

‘Not Our Business’: US Vice President Vance Rules Out Involvement in India-Pakistan Conflict

‘Not Our Business’: US Vice President Vance Rules Out Involvement in India-Pakistan Conflict

India Strikes Back: Air Raid Sirens in Ambala and Chandigarh After Pakistan’s Failed Drone Attack

India Strikes Back: Air Raid Sirens in Ambala and Chandigarh After Pakistan’s Failed Drone Attack

Air sirens sounded in Chandigarh (PC: Business Today)

Residents Advised To Stay Indoors In Chandigarh As IAF Warns Of Possible Attack By Pakistan

Pakistan Claims X Account Was Hacked After Embarrassing Loan Request Post Goes Viral

Pakistan Claims X Account Was Hacked After Embarrassing Loan Request Post Goes Viral

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer

© Ritam Digital Media Foundation.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Nation
  • World
  • Videos
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Sci & Tech
  • Sports
  • Opinion
  • About & Policies
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

© Ritam Digital Media Foundation.
Tech-enabled by Ananthapuri Technologies