Brazil follows India's lead, 2nd Brics nation to decline participation in China's Belt & Road Initiative October 28, 2024 at 11:24PM

Brazil, under President Lula da Silva, has chosen not to join China's Belt and Road Initiative but will seek other ways to collaborate with Chinese investors. Brazil aims to align its infrastructure projects with investment funds tied to BRI without officially joining, citing concerns about immediate benefits and potential U.S. relations under a Trump administration.