Brazil became the second BRICS country to not join China’s Belt and Road Initiative (BRI).
Brazil has decided to not join the Belt and Road Initiative (BRI) of China.
Brazil is the second BRICS country after India which decided to not join the Belt and Road Initiative.
Brazil will collaborate with Chinese investors in alternative ways.
The main objective is to use some framework of BRI and to create synergy between Brazilian infrastructure projects and the investment funds associated with the initiative.
This decision has been taken by the Brazilian government as it could make relations with the US more difficult.
India was the first country to oppose China’s Belt and Road Initiative (BRI).
The Belt and Road Initiative was launched in 2013 by China as a global infrastructure development strategy.
