The Japan News by The Yomiuri Shimbun

Argentine economy looks to get boost from China’s bid to expand BRICS

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An Argentine government o cial said in Tokyo on Monday that his country is “very honored” to receive Beijing’s invitation to join the bloc of emerging economies known as BRICS, which also comprises Brazil, Russia, India and South Africa.

Still, Pablo Tettamanti, Argentina’s vice minister of foreign a airs, emphasized in an exclusive interview with

e Japan News his country’s adherence to Western values of democracy and human rights.

“It’s a big honor to be invited,” he said. “We have been invited not only by China, but other members of BRICS.”

Tettamanti was on a threeday visit to Tokyo for discussion­s with his Japanese counterpar­t and parliament­ary members regarding bilateral relations, including possible exchanges with political leaders.

At the BRICS summit held virtually in late June, Chinese President Xi Jinping expressed his eagerness to “increase the representa­tiveness and in uence of BRICS.” Russian President Vladimir Putin agreed with China’s move.

Xi’s remarks were widely interprete­d as a bid, through economic cooperatio­n with China and loans from nancial institutio­ns led by BRICS, to create a bloc to rival those led by the United States and other Western nations.

Argentine President Alberto Fernandez stated his hope of joining the group during the summit. Iran was also reported to have applied for membership.

Despite their eagerness, the procedures for BRICS expansion need to be clari ed. India is seen as being against having additional members.

“It’s a long process,” Tettamanti said. “We don’t know when this [expansion] could take place.”

Regarding the Russian war in Ukraine, he said: “All countries have to respect internatio­nal law and we have taken that position very clearly. At the same time, we have also been very clear on our traditiona­l position with regard to human rights.”

e South American country has been struggling economical­ly due to soaring in ation and a huge national debt. It has strengthen­ed relations with Beijing, such as by agreeing to join China’s Belt and Road Initiative in February.

As for Argentina’s objective in joining BRICS, Tettamanti said, “e more you can share your partnershi­p with more countries, the better you are positioned to share values and see possibilit­ies and nd ways in which we could bene t each other.” (July 27)

 ?? The Japan News ?? Pablo Tettamanti
The Japan News Pablo Tettamanti

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