Argentina’s interest in joining the BRICS (Brazil, Russia, India, China, and South Africa) led it to formalise its application for membership in 2022. Despite not being a member, it has strong economic ties with some of the member countries, especially China and Brazil. This is an effort to diversify its trade and investment relationships beyond traditional partners like the United States and Europe. This could nevertheless strain its relationship with the West given the growing tension between the two blocs.
Key Judgement 1. It is highly likely that in the next 12 months, Argentina will continue with its intention to join the BRICS as a member by engaging economically and politically with the bloc.
Key Judgement 2. It is likely that in the next 12 months, other BRICS members, especially China, will continue supporting Argentina’s membership given its natural resources and investment opportunities.
Key Judgement 3. It is likely that in the next 12 months, Argentina’s interest in joining the BRICS will distance it from the Western bloc while tensions raise over Russia and China’s involvement in the process.