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The original was posted on /r/worldnews by /u/Ask4MD on 2023-12-30 05:03:07.
Argentina formally rejects BRICS membership – DW
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.dw.com/en/argentina-formally-rejects-brics-membership/a-67856848
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Argentina’s President Javier Milei has sent letters to BRICS leaders to formalize his decision to withdraw his country from its planned entry into the alliance of major emerging economies, it was announced on Friday.
The bloc — made up of G20 nations Brazil, Russia, India, China and South Africa — in August announced it was admitting six new members.
The membership of Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates was due to take effect from January 1, 2024.
The libertarian outsider Milei took office this month after his resounding defeat of Argentina’s traditional political parties, and he had vowed on the campaign trail not to join BRICS.
Throughout the campaign for the presidency, Milei disparaged countries ruled “by communism” and announced that he would not maintain diplomatic relations with them despite growing Chinese investment in South America.
Milei defines himself as an “anarcho-capitalist” and has implemented a series of measures to deregulate the economy, which in recent decades has been marked by state interventionism.
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