Brazil opts out of BRI
- Brazil has chosen not to join China’s Belt and Road Initiative (BRI), aligning with India as the second BRICS nation to do so.
- Brazil’s decision complicates China’s plans to highlight Brazil’s BRI participation during Chinese President’s upcoming visit to Brasilia on 20th November.
- Brazilian officials argue that BRI may not offer Brazil tangible short-term benefits and could complicate relations with a potential Trump administration in the U.S.
- India, which was the first BRICS member to oppose BRI, has criticized the initiative, citing issues of sovereignty, transparency, and financial sustainability and protests China’s China-Pakistan Economic Corridor through Pakistan-occupied Kashmir.
- The BRI ....
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