{"id":89121,"date":"2022-07-09T20:36:58","date_gmt":"2022-07-10T00:36:58","guid":{"rendered":"https:\/\/schillerinstitute.com\/?p=89121"},"modified":"2022-07-09T20:37:00","modified_gmt":"2022-07-10T00:37:00","slug":"beijing-formally-backs-argentinas-entry-into-the-brics","status":"publish","type":"post","link":"https:\/\/schillerinstitute.com\/el\/blog\/2022\/07\/09\/beijing-formally-backs-argentinas-entry-into-the-brics\/","title":{"rendered":"Beijing Formally Backs Argentina&#8217;s Entry Into the BRICS"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">July 8 (EIRNS)\u2014In his meeting with Argentine Foreign Minister Santiago Cafiero in Bali, Indonesia where both were attending the meeting of G20 foreign ministers, China\u2019s State Councilor and Foreign Minister Wang Yi offered Beijing\u2019s formal support for Argentina\u2019s entry into the BRICS grouping of Brazil, Russia, India, China and South Africa. The <a href=\"https:\/\/www.cancilleria.gob.ar\/es\/actualidad\/noticias\/argentina-consiguio-el-respaldo-de-china-para-ingresar-los-brics\">foreign ministry issued a press release<\/a> to this effect and Cafiero told the state news agency <em>Telam<\/em> that \u201cChina chairs the BRICS this year, and its support and commitment to nominate our country to join is fundamental.\u201d In their meeting, Wang Yi stressed the importance of President Alberto Fern\u00e1ndez having attended the BRICS-Plus meeting on June 24 and Argentina having formally entered the Belt and Road Initiative during his visit to Beijing in February of this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two foreign ministers also discussed Argentina\u2019s role as rotating president of the Community of Latin America and Caribbean States (CELAC), from which post it also promotes the China-CELAC Joint Action Plan 2022-2024. According to Argentina\u2019s foreign ministry, Cafiero told Wang Yi that his nation can contribute to the BRICS by strengthening and amplifying a voice in defense of the interests of developing nations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Telam<\/em> observed that membership in the BRICS could provide Argentina a way to free itself from the dollar-based financial system and the restrictions it imposes on the country\u2019s macroeconomic development. Argentina is in need of new sources of financing for its large infrastructure projects, <em>Telam<\/em> adds, and points out that the BRICS are playing a crucial role in \u201cpromoting a new international financial architecture through its New Development Bank,\u201d the BRICS bank. The New Development Bank, Cafiero emphasized, \u201chas a key role in international financial cooperation and in promoting the agenda of the Global South and the structural changes it demands.\u201d The <a href=\"https:\/\/www.telam.com.ar\/notas\/202207\/597753-relaciones-exteriores-g20-bali-indonesia-canciller-santiago-cafiero-china-wang-yi.html\"><em>Telam<\/em> article<\/a> can be read here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>July 8 (EIRNS)\u2014In his meeting with Argentine Foreign Minister Santiago Cafiero in Bali, Indonesia where both were attending the meeting of G20 foreign ministers, China\u2019s State Councilor and Foreign Minister Wang Yi offered Beijing\u2019s formal support for Argentina\u2019s entry into the BRICS grouping of Brazil, Russia, India, China and South Africa. The foreign ministry issued [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":89122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[685,368,640,520,505,639],"tags":[842],"class_list":["post-89121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-argentina","category-updates-brics","category-china","category-updates-development","category-updates","category-global-diplomacy","tag-lang-en"],"_links":{"self":[{"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/posts\/89121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/comments?post=89121"}],"version-history":[{"count":2,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/posts\/89121\/revisions"}],"predecessor-version":[{"id":89133,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/posts\/89121\/revisions\/89133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/media\/89122"}],"wp:attachment":[{"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/media?parent=89121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/categories?post=89121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schillerinstitute.com\/el\/wp-json\/wp\/v2\/tags?post=89121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}