Brazil follows India's lead, 2nd Brics nation to decline participation in China's Belt & Road Initiative
Tuesday, 29 October 2024 () Brazil, under President Lula da Silva, has chosen not to join China's Belt and Road Initiative but will seek other ways to collaborate with Chinese investors. Brazil aims to align its infrastructure projects with investment funds tied to BRI without officially joining, citing concerns about immediate benefits and potential U.S. relations under a Trump administration.
Brazil, under President Lula da Silva, has decided not to join China's Belt and Road Initiative (BRI), opting instead for alternative collaborations with Chinese... IndiaTimes