Books & Magazines

Prelims Wallah (Q&A Bank)

Udaan

Udaan 500+

Budget & Economic Survey

Monthly Current Wallah

Weekly Current Wallah

Editorial Summary

Editorial Q&A Compilation

NCERT Wallah

Prahaar (Mains Wallah)

Marks Booster

Mains Wallah (Q&A Bank)

UPSC PYQs

UPSC Notes

CA & Editorials

Daily Current Affairs

Subject Wise Current Affairs

Editorial Analysis

Other Resources

Current Affairs

Argentina Withdraws From BRICS

Argentina Withdraws From BRICS

PWOnlyIAS

January 02, 2024

Context: The newly elected far-right President of Argentina, Javier Milei, pulled out of plans to join the BRICS bloc.

  • Former centre-left President Alberto Fernandez had promoted Argentina’s inclusion in BRICS.
  • Argentina had been set to join on January 1, 2024.

Why Argentina Withdraws From BRICS? 

  • Need to Review: As per the new Argentina’s President, the decision to join BRICS had been taken by the previous administration and the new dispensation was reviewing such policies.
  • Geopolitical Alignment: Argentina’s new President cited  China’s communist ideology as a pivotal factor in Argentina’s decision to disengage from BRICS.

Continue Reading: Argentina Formally Rejects BRICS Membership: Reasons, and Consequences

About BRICS

  • BRICS started in 2001 as BRIC, an acronym coined by Goldman Sachs for Brazil, Russia, India, and China. 
    • South Africa was added in 2010.
  • Together, BRICS countries represent 27% of the world’s land mass, and 42% of the world’s population, 24% of global GDP, and 16% of Global trade, and produce 33% of the world’s food.
  • The 1st BRIC summit was held in Yekaterinburg, in Russia in 2009.
  • Principles  Governing BRICS Relations:
    • Solidarity
    • Openness
    • Pragmatism
    • Neutrality (regarding third parties)
    • Non-bloc nature


News Source: Financial Express

 

Print Friendly, PDF & Email

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & Email

Recent Editorial

India-Australia Defence Ties Beyond American Shado...

A Strategy Fuelled by Vision, Powered by Energy

​Act North: On the Needs of Ladakh

Strengthening the U.S.-India Subsea Cable Agenda

On India and COVID-19

The DM Position is Outdated. It’s a Personality ...

Popular current affairs

Scheme to Promote Manufacturing of Electric Passen...

Ladakh’s New Rules on Quota, Domicile and Hill C...

First Fusion-Fission Hybrid Reactor: China Unveils...

Legislatures Enacting Laws Not Contempt of Court: ...

ICRISAT Centre of Excellence for South-South Coope...

World Air Transport Summit 2025 Key Highlights

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Aiming for UPSC?

Download Our App

# #

Download Our App

# #

Contact Details

Aiming for UPSC?

Download Our App

# #
      

Follow Us:

Contact Details

Download Our App

# #
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">






    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.