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

moneycontrol.com October 29, 2024, 12:01 PM UTC

Summary: Brazil has decided not to join China's Belt and Road Initiative (BRI), becoming the second BRICS country to do so after India. This move reflects Brazil's intention to pursue independent partnerships that align with its national priorities.

Brazil's special adviser for international affairs, Celso Amorim, stated that the country aims to find synergy between its infrastructure projects and Chinese investment without formally joining the BRI. He emphasized that Brazil is not entering into a treaty with China.

This decision comes ahead of a planned visit by Chinese President Xi Jinping to Brazil, where joining the BRI was expected to be a key topic. Brazil's economy and foreign affairs ministries have expressed skepticism about the benefits of joining the initiative.

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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 opts out of China's Belt and Road Initiative, seeks alternative partnerships (thehindu.com)
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  3. [5.1]
    Brazil declines to join China's Belt and Road Initiative, following India's lead (ndtv.com)
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