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VisitWhat will Brazil cite as main reason for opting out of BRI by end of 2024?
Economic independence • 25%
Political strategy • 25%
Environmental concerns • 25%
Other • 25%
Official statements from Brazilian government or interviews with officials
Brazil Rejects China's Belt and Road Initiative, Celso Amorim Confirms as Second BRICS Country Ahead of Xi's G20 Visit
Oct 31, 2024, 02:45 PM
Brazil has officially opted out of China's Belt and Road Initiative (BRI), becoming the second BRICS nation to do so after India. This decision, announced by Celso Amorim, Brazil's senior adviser for international affairs, indicates a shift in Brazil's approach towards collaboration with China. Instead of joining the multi-billion-dollar infrastructure project, Brazil aims to explore selective partnerships with Chinese investors. The move is seen as a setback for China, particularly as it comes ahead of President Xi Jinping's upcoming G20 visit. Brazil's leadership, under President Luiz Inácio Lula da Silva, has been influenced by advisors who advocate for a new level of engagement with China without formal accession to the BRI.
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