11th BRICS summit: Ramaphosa arrives in Brazil amid worry over Bolsonaro’s intentions By Branko Brkic
Jair Messias Bolsonaro has expressed a preference for closer ties with the US and European Union, rather than the developing or emerging nations which the BRICS — comprising Brazil, Russia, India, China and South Africa — have historically represented.
Brazil also wants co-operation among BRICS countries in efforts to recover stolen money and would like to see measures to bring BRICS private companies closer to the New Development Bank so the bank can help fund their investments and other businesses. At a seminar of the Institute for Global Dialogue earlier in 2019 Renata Albuquerque Ribeiro, a researcher at the Laboratory of Global Political Analysis , in Brazil said that “building strong ties with the West is a strong priority for Bolsonaro”.
Ramaphosa noted in a statement on his arrival in the capital Brasilia that five BRICS nations represented about 42% of the global population, 23% of GDP, 30% of the world’s territory and 18% of global trade. He said he and his fellow leaders were expected to interact with the BRICS Business Council at a business forum before the summit.
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