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Argentina says there is China's support for joining the BRICS group

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BUENOS AIRES — The Argentine government said Thursday that it received China's formal support for a country's bid to join a BRICS group consisting of Brazil, Russia, India, China and South Africa. West.

Argentine Foreign Minister Santiago Kafiero met with Chinese counter Wang Yi at the G20 event in Indonesia, and the ministry said in a statement that its support was officially provided. Argentina is a major exporter of soybeans, wheat and corn.

"Wang Lee formally confirmed his support for the BRICS Group's Argentine membership, in line with what was agreed among the group leaders." The Argentine Ministry of Foreign Affairs said.

When Argentina joins the group, he adds, "strengthen and expand its voice to protect the interests of developing countries."

Argentine President Alberto Fernandez previously said that countries fighting the economic crisis with high inflation and weak foreign currency reserves would like to join the BRICS group. The process required the support of that member.

The term BRIC was coined in 2001 by Goldman Sachs economist Jim O'Neill and represents the amazing rise of Brazil, Russia, India and China. The BRIC forces held their first summit in Russia in 2009. South Africa joined in 2010.

China has by far the largest economy in the BRICS group, accounting for more than 70% of its total $ 27.5 trillion in economic power. According to IMF data, India accounts for about 13% and Russia and Brazil account for about 7%.

BRICS countries make up more than 40% of the world's population and about 26% of the world's economy. (Report by Adam Jordan, edited by Bernadette Baum)