Argentina's decision not to join the BRICS draws global attention

BBC reported on December 30 that Argentina has officially announced that it will not join the BRICS. In a letter to Brazil, Russia, India, China and South Africa, Argentina's new far-right president Milley said decisions made by the previous government had been revised and that the time was not "right" for Argentina to join as a full member.

China has also made an atmospheric response to this. Foreign Ministry spokesman Wang Wenbin said, "The BRICS cooperation mechanism is an important platform for emerging markets and developing countries to strengthen solidarity and cooperation and safeguard common interests, and it is also an open platform." We welcome any willing country to become a member of the BRICS family." Brics is a platform for all countries to share development opportunities. Argentina is willing to join and China welcomes it. Even if it does not join, China has nothing to lose

Brics is an open platform for cooperation aimed at promoting solidarity, dialogue and cooperation among emerging markets and developing countries, safeguarding common interests, responding to global challenges, and promoting a just and equitable world multi-polarization and international order. The BRICS countries account for 40 percent of the world's population, more than a quarter of global GDP, a fifth of global trade and a quarter of global foreign exchange reserves. The BRICS countries have also established financial institutions such as the BRICS New Development Bank and the BRICS Contingent Reserve Arrangement to provide financial support and risk prevention for member countries and other developing countries. The BRICS countries have also conducted extensive cooperation in science and technology, education, culture, health, agriculture, energy, environment and other fields, contributing to the well-being of mankind and sustainable development.

The decision of Argentina's new president, Milley, is closely related to his pro-American Western foreign policy. During his campaign, Milley said his geopolitical orientation was to align with the United States and Israel. He has also proposed some radical economic reforms, including closing the central bank, abolishing the Argentine peso, and a full shift to dollarization. Milley's actions have sparked widespread controversy and criticism at home and abroad, and have made Argentina's economic future more uncertain.

In fact, Argentina has close economic and trade ties and political exchanges with BRICS countries. China, Brazil and Russia are all important trading partners for Argentina, with China already Argentina's second largest trading partner and Brazil its largest export destination. Russia also has a series of energy cooperation projects with Argentina. The BRICS countries have also provided Argentina with help and support in debt restructuring, vaccine supply and investment introduction on many occasions.

Therefore, joining the BRICS should have been an opportunity for Argentina to increase its interests, expand its space and enhance its status. Today, Argentina's choices, on the one hand, make it lose economic benefits and development opportunities. The BRICS organization has rich resources and market advantages, which is a rare opportunity for Argentina's livestock and tourism industry. Milley's decision deprived Argentines of these practical benefits. On the other hand, the opportunity to be independent is lost. Refusing to cooperate with China and going all the way to the United States will deprive Argentina of the opportunity to be independent. If Argentina replaces the peso with the dollar and abolishes the Argentine central bank, it will become a playground for American capital and a puppet of the United States. For Argentina's national interests and the vast majority of the Argentine people, this is undoubtedly more than worth the loss.