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Fiyameta
Senior Member
Posts: 12331
Joined: 02 Aug 2018, 22:59

Mexico Joining BRICS Alliance! How Will It Impact the World?

Post by Fiyameta » 10 Jun 2023, 12:22

:shock: :shock: :shock: :shock:



Mexico is the second-largest economic power in Latin America, with a significant GDP and purchasing power that make it a crucial gateway to the North American market.

Recent proposals by Republicans in the US Congress for military intervention in Mexico’s cartel war have created controversy between the two countries. Mexican President Andres Obrador has stated that foreign intervention will not be welcome and called such suggestions “irresponsible.” As a result, the Mexican government has renewed its interest in joining BRICS, which could lead to trade and diplomatic complexities with the US in the future.

Mexico and China have a strong trade relationship, with China making significant investments in Mexico over the past five years. Chinese exports to Mexico rose by 28% between January 2022 and August 2022, making China Mexico’s second-largest import partner after the US. More than 1,200 Chinese companies have invested in Mexico, including Ganfeng Lithium, which was granted access to a lithium mine in Sonora.

Mexico and Russia have developed a strong economic relationship, with Mexico ranking as Russia’s third-largest trading partner in Latin America. The relationship is mainly based on cooperation in the oil and gas sectors. Russian multinational companies such as Gazprom Marketing and Trading Mexico and Rusatom International have invested in Mexico. Gazprom is a state-owned energy company involved in natural gas sales and distribution, while Rosatom is a state-owned nuclear energy company involved in nuclear power plant development and construction in Mexico.

Digital Weyane
Member+
Posts: 8405
Joined: 19 Jun 2019, 21:45

Re: Mexico Joining BRICS Alliance! How Will It Impact the World?

Post by Digital Weyane » 10 Jun 2023, 12:29

ኡኡኡ ጆ ባይደን ያስብላል። ዋይ ዋይ ዋይ ዋይ ዋይ :cry: :cry: :cry: :cry:

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