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Argentina's recent decision to withdraw from joining the BRICS bloc reflects a significant shift in its foreign policy under the new administration of President Javier Milei. Milei, who took office in December 2023, has emphasized aligning Argentina more closely with the United States and Israel, rejecting ties with what he refers to as "communist" regimes, including China and Russia.
Before discussing Argentina's decision to withdraw from joining BRICS, let's explore the country's economy.