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Nov 09, 2023 (Newsletter Issue 9/23)
Argentina
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Invited to Join BRICS


Argentina has been invited to join the BRICS group of emerging economies, a major geopolitical development that could have a significant impact on the country's future. The invitation came from the BRICS leaders at their 15th summit in South Africa in August 2023, and Argentina is expected to become a full member of the group on January 1, 2024.

The BRICS group is made up of Brazil, Russia, India, China, and South Africa. It is one of the most important economic blocs in the world, with a combined GDP of over $25 trillion and a population of over 3 billion people. BRICS members are also major players in global trade and investment.

Membership in BRICS is expected to give Argentina a number of benefits, including:

-Increased access to trade and investment opportunities.

-Greater cooperation on development projects.

However, there are also some potential challenges associated with Argentina's membership in BRICS, one of them being the different political systems and economic models of the countries.

For more details click here.

Source: https://marcasur.com