President-elect may switch to Argentina or join BRICS
Members are the largest trading partners, experts say, “opportunities not risks”
Hong Kong Wen Wei Po News Argentina is facing the most serious economic crisis in 20 years. With the election of far-right politician Millais as president, the future political direction has attracted international attention. Argentina’s TN News TV station quoted a source within Milley’s party last Saturday (November 25) as saying that Milley’s team is carefully analyzing the possibility of joining the BRICS, and experts all believe that joining the BRICS “is an opportunity.” Bloomberg pointed out that Milley made unfriendly remarks against China during the campaign, but his attitude has quickly softened, showing “how much Argentina needs China.”
The report pointed out that Milley had expressed his opposition to joining the BRICS during the election campaign, but after Milley was elected, the situation seemed to have changed. He has gradually become moderate when talking about foreign policy, especially in relations with China, Brazil and even the BRICS countries. Currently, the international team led by Argentina’s associate foreign minister Mondino is seriously analyzing the possibility of joining the BRICS countries.
According to reports, experts believe that for Argentina, the BRICS countries are “opportunities rather than risks.” A local diplomat said that the BRICS countries are not limited to the annual BRICS summit, but will carry out coordination work among different departments of each member country in advance, and officials and representatives of the member countries can establish contacts, “Imagine how many countries in the world want to have multiple meetings with different Chinese government officials. Many people want to, but they don’t have the opportunity. The one currently supported by the majority is to join the BRICS and adopt a moderate stance so that Argentina can A place in an influential group.”
Prospective foreign minister refutes rumors of severing ties with China and Pakistan
In an interview with TN News last week, Mondino refuted the rumors circulating that “Argentina will sever ties with China and Brazil”, calling it “unreasonable and logical.” In response to Mondino’s statement on the BRICS countries, Chinese Foreign Ministry spokesperson Mao Ning said at a regular press conference that the BRICS cooperation mechanism is an important platform for emerging market countries and developing countries to strengthen unity and cooperation and safeguard common interests. It is an open platform and China welcomes any willing country to become a member of the BRICS family.
Argentina still has a possibility to join the BRIC nations because they can help Argentina’s economy in some ways, according to Rosenthal, deputy head of the Latin American Institute of the Russian Academy of Sciences, who made this statement in an interview. As Bloomberg noted, China is one of the few financial allies Argentina has, and severing ties with China will make the country’s financial problems worse.
Argentina has continued to face inflation and economic recession in recent years. According to reports, Argentina already has one of the highest inflation rates in the world. According to data released by Argentina’s National Statistics Institute on November 13, the country’s consumer price index rose 8.3% in October compared with September. In the first 10 months of this year, Argentina’s consumer price index rose by 120% cumulatively, and in the past 12 months it rose by 142.7% cumulatively, hitting a 32-year high. Some experts predict that Argentina’s gross domestic product (GDP) will shrink by 3.1% this year and another 0.2% in 2024.
Arab media: Maintains markets for imports and exports
While Brazil is Argentina’s major trading partner, China is both its second-largest agricultural export market and trading partner. According to Tennessee News TV, “Maintaining contact with these two countries will not only help maintain the import and export market, but if there are new (favorable) policies, it can even boost the import and export market.”