top of page
Search
Writer's pictureFNBC

Why is Brazil's Lula building Brics?

Why is Brazil's Lula building Brics? Brazilian President Luiz Inácio Lula da Silva, commonly known as Lula, has been making efforts to strengthen Brazil's relationship with the Brics (Brazil, Russia, India, China, and South Africa) nations. But why is Lula so keen on building ties with these countries? One of the main reasons behind Brazil's interest in the Brics is the desire to reshape the world order. Lula believes that the dominance of Western powers, particularly the United States, has limited the opportunities for emerging economies like Brazil to have a say in global affairs. By forming closer alliances with other Brics nations, Brazil aims to challenge the existing power dynamics and create a more equitable world order. China, in particular, plays a crucial role in Brazil's strategy. With its rapidly growing economy and immense geopolitical influence, China has become a global powerhouse. Lula sees the Brics as a way to tap into China's economic potential and benefit from its status as the world's second-largest economy. By forming strong ties with China, Brazil hopes to gain access to Chinese markets, attract investments, and boost its own economic growth. However, it's important to note that Brazil's relationship with China is not without challenges. Brazil has traditionally been a major exporter of commodities, such as soybeans and iron ore, to China. This reliance on commodity exports has made Brazil vulnerable to fluctuations in global commodity prices and the demand from China. Lula's

0 views0 comments

Recent Posts

See All

Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page