Argentina Rejects BRICS Membership:
Argentina has formally rejected the invitation to join the BRICS (Brazil, Russia, India, China, South Africa) group of major emerging economies.
- New Argentinian President Milei, during his election campaign, Milei had expressed a geopolitical alignment with the United States and Israel, emphasizing a reluctance to ally with communists.
- The decision aligns with his campaign promises and reflects a shift in foreign policy from the previous administration.
- The membership of Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates was due to take effect from January 1, 2024.