Brazil declines to join China's Belt and Road Initiative, following India's lead

ndtv.com October 29, 2024, 07:01 AM UTC

Summary: Brazil has decided not to join China's Belt and Road Initiative (BRI), becoming the second BRICS country, after India, to reject the project. Brazilian officials stated they prefer to explore alternative collaborations with Chinese investors without formal agreements.

Celso Amorim, a senior adviser to President Lula da Silva, emphasized that Brazil aims to enhance its relationship with China while avoiding a treaty. He noted that Brazil will focus on aligning its infrastructure priorities with potential Chinese investments without formally joining the BRI.

This decision contrasts with China's plans to highlight Brazil's participation during President Xi Jinping's upcoming visit. Brazil's economy and foreign affairs ministries have expressed concerns that joining the BRI may not yield immediate benefits and could complicate future relations with the U.S.

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Timeline:

  1. [5.0]
    Brazil rejects China's Belt and Road Initiative following India's lead (livemint.com)
    8h

  2. [5.5]
    Brazil declines to join China's Belt and Road Initiative following India's lead (moneycontrol.com)
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  3. [5.5]
    Brazil opts out of China's Belt and Road Initiative, seeks alternative partnerships (thehindu.com)
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