China Belt and Road Initiative: Brazil refused to participate in China’s multi-billion dollar project ‘Belt and Road Initiative’. Brazil is the second country among the BRICS countries not to support this Chinese project. Before Brazil, India had refused to be a part of this Chinese project.
According to the South China Morning Post, Celso Amorim, Special Adviser to the President on International Affairs, said, “Brazil, led by President Lula da Silva, will not participate in China’s Bent and Road Initiative. At the same time, Brazil is looking at other options to work with Chinese investors.
Brazil wants to take relations with China to a new level
He told O Globo, a Brazilian newspaper, that Brazil wants to take its relations with China to a new level without tying into any contract. Due to this decision of Brazil, the plan to add Brazil to this initiative during the Chinese President’s visit to Brazil on November 20 failed.
Presidential Special Advisor Celso Amorim and Presidential Chief of Staff Rui Costa came to Beijing last week to discuss the initiative. But according to sources, he returned disappointed and disagreeing with China’s proposal.
India opposed CPEC
India was the first to refuse to participate in the Belt and Road Initiative, which is being created with the aim of increasing China’s influence in the world as a basic investment by President Xi Jinping.
India opposed China’s $60 billion CPEC (China Pakistan Economic Corridor, CPEC) project. India described this Chinese project as a threat to India’s sovereignty. Let us tell you that China’s CPEC project passes through Pakistan occupied Kashmir. India has been opposing this since the beginning.