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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

October 13, 2023

What Would BRICS Membership Mean for Argentina?

At their summit in August, BRICS member nations invited Argentina and five other countries to join the bloc. Brazilian President Luiz Inácio Lula da Silva and Chinese President Xi Jinping are pictured at the summit, which was held in Johannesburg. // Photo: Brazilian Government.

Q

A

Mariano Machado, Americas principal analyst at Verisk Maplecroft: “Above all, the BRICS expansionary push reflects the interplay of multiple foreign policy strategies, taking advantage of the group’s nebulous nature to pursue intermediate strategies between resisting and/or accommodating West-East competition. The Argentine case reflects this: its BRICS invitation attests to China’s broader strategy toward Latin America, but also to middle powers maximizing the benefits of ‘navigating’ between hegemonic actors. Argentina’s economic crisis and a permeable decisional ecosystem have allowed Beijing to advance influence in key areas. Buenos Aires has been able to leverage negotiations with Washington and Brussels in several areas, showing it has other geopolitical options elsewhere. But constraints make accession under the next administration improbable at best. The stances of the top presidential candidates are being anchored on…”

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Merike Blofield
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Ernesto Revilla
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