Author: David Ordaz
In the current context of a trade war between the US and China and a military battle between Russia and Ukraine, this has led to a shift in companies and value chains, known as nearshoring, that has benefited Mexico greatly.
A few days ago, the US Census Bureau announced that Mexico was the country’s first supplier and trading partner, followed by Canada and China. From January to June, U.S. merchandise imports were 15.5% (Mexico), 13.8% (Canada), and 13.3% (China).
In addition, Mexico exported goods to its northern neighbor worth $41.1 billion through overseas sales of durable goods such as automobiles, auto parts, technology production, manufactured goods, and capital goods.
In this global context, Andrés Manuel López Obrador denied that Mexico would participate in the group of emerging powers known as the BRICS (Brazil, Russia, India, China and South Africa), arguing for economic, neighborly and geopolitical reasons.
After South Africa assured that our country was one of the countries that expressed interest in participating in the BRICS, López Obrador confirmed that Mexico will take care of its relations with the United States and Canada, will promote economic integration and regional consolidation in North America. . . .
“Our proposal is to strengthen the agreement with the United States and Canada, consolidate as a region, strengthen ourselves, help each other, complement each other, share investments, technologies, labor, skills of workers of the three countries. that wages are rising and North America is consolidating. This is the first. The position of Mexico is that this integration must take place across the Americas in order to achieve something similar to what the European Union is. A single continent will become the most important region in the world,” he said.
While this clarifies Mexico’s position, the truth is that the BRICS group is becoming a geopolitical and geo-economic mechanism that poses risks to the United States and Latin America as the strategic alliance between China and Russia becomes an important component of global trade.
Currently, 24 countries are interested in joining this economic bloc: Saudi Arabia, Algeria, Argentina, Afghanistan, Bangladesh, Bahrain, Belarus, Egypt, the United Arab Emirates, Iran, Indonesia, Kazakhstan, Nicaragua, Nigeria, Pakistan, Senegal, Syria, Sudan, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe. All with a very clear goal in their narrative: the eradication of hunger.
According to the Food and Agriculture Organization of the United Nations (FAO), 2030 is the date set to reach the international goals of ending hunger and poverty, and the agriculture ministries of the world’s five most important emerging economies are well positioned to take the lead in helping to achieve these goals.
“BRICS plays a very important political role at the international level. In recent decades, developing countries have looked to our economic development as a role model,” said Kundhavi Kadiresan, FAO Assistant Director-General and Regional Representative for Asia and the Pacific, at the 7th BRICS Agriculture Ministerial Meeting in Nanjing, China.
The BRICS countries are playing an increasingly important role in the global economy and collectively represent approximately 42% of the world’s population and 23% of global GDP, with the potential to strengthen cooperation in areas such as trade, investment, technology and energy.
The role of BRICS in the global economy will continue to evolve and will play a significant role in the coming years.
Source: Aristegui Noticias
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
