Brazil's Bold Move: Opting Out of China's Belt and Road Initiative

Brazil, led by President Lula da Silva, has decided not to join China's Belt and Road Initiative (BRI), aiming instead to collaborate with Chinese investors through alternative means. This decision comes despite China's efforts to include Brazil in the initiative during Xi Jinping's forthcoming visit.

In a notable development, Brazil has elected to forego participation in China's Belt and Road Initiative (BRI), becoming the second BRICS nation, after India, to refrain from endorsing the project. This decision signifies a major setback to China's strategic economic agenda.

Celso Amorim, Brazil's presidential adviser on international affairs, outlined Brazil's intention to explore alternative collaborations with China without committing to the BRI. While emphasizing the desire to elevate Brazil-China relations, Amorim reiterated Brazil’s stance against formal accession to the initiative.

The move contradicts China's plans to spotlight Brazil's BRI participation during President Xi Jinping's visit to the country. Additionally, Brazilian officials expressed concerns about potential implications for Brazil's future relations with a possible Trump administration in the United States.

(With inputs from agencies.)