IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.23% USD/MXN17.32▲ 0.05% USD/CLP924.39▼ 0.72% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.09% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP57.83▼ 0.28% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.10▼ 0.06% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.12% BRENT 83.81 ▼ 7.00% WTI 80.31 ▼ 5.15% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.67% GOLD 4,111 ▲ 1.53% SILVER 58.31 ▲ 1.25% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.31 ▲ 0.13% PETR4 42.82 ▼ 1.38% VALE3 74.44 ▼ 2.41% ITUB4 43.05 ▲ 0.42% BBDC4 18.57 ▲ 0.86% ABEV3 15.78 ▼ 1.31% BBAS3 21.30 ▼ 0.23% B3SA3 15.63 ▼ 0.64% WEGE3 48.42 ▲ 2.58% PRIO3 58.76 ▼ 3.43% SUZB3 43.18 ▼ 0.32% RENT3 38.09 ▲ 1.28% AZZA3 16.34 ▼ 0.49% CSAN3 4.08 ▲ 0.25% RAIZ4 0.25 ▼ 3.85% PCAR3 2.72 ▲ 5.02% GMAT3 4.01 ▼ 0.50% PSSA3 54.09 ▼ 1.12% CVCB3 1.42 ▲ 8.40% POSI3 3.53 ▼ 0.56% SLCE3 13.38 — 0.00% NATU3 8.55 ▲ 2.03% BRKM5 5.93 ▼ 0.67% RANI3 8.44 ▲ 4.07% CSNA3 4.55 ▼ 5.99% CMIN3 5.75 ▲ 0.70% USIM5 7.58 ▲ 2.99% GGBR4 25.45 ▲ 1.88% ENEV3 26.77 ▲ 1.75% CPFE3 45.99 ▼ 0.33% CMIG4 11.27 ▼ 0.62% EQTL3 38.88 ▲ 0.57% LREN3 13.92 ▲ 2.35% VIVT3 32.29 ▼ 1.04% RAIL3 14.11 ▼ 2.29% KLABIN 18.31 ▲ 0.33% RAIA DROGASIL 18.80 ▲ 1.73% RDOR3 34.14 ▼ 1.44% HAPV3 11.92 ▲ 5.67% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.05 — 0.00% VBBR3 36.22 ▲ 0.47% BBSE3 41.32 ▲ 0.15% BPAC11 57.27 ▲ 0.83% CURY3 31.54 ▲ 4.82% AERI3 2.14 ▼ 0.47% VIVARA 22.85 ▲ 3.02% COMPASS 25.04 ▲ 0.81% VAMOS 3.29 ▼ 1.50% SANB11 28.92 ▲ 1.05% ASAI3 8.51 ▲ 0.12% SBSP3 27.42 ▼ 1.01% WALMEX 49.80 ▼ 0.90% GMEXICO 212.28 ▲ 2.20% FEMSA 217.16 ▼ 1.94% CEMEX 20.62 ▲ 0.54% GFNORTE 198.23 ▼ 1.17% BIMBO 61.32 ▼ 1.03% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 375.15 ▼ 0.37% ASUR 275.42 ▼ 0.07% OMA 230.10 ▼ 0.53% KOF 185.00 ▼ 1.21% GRUMA 263.99 ▲ 2.23% KIMBER 40.09 ▼ 0.27% SQM-B 61,940 ▼ 1.21% COPEC 6,298 ▼ 0.82% BSANTANDER 79.87 ▼ 1.38% FALABELLA 6,315 ▲ 1.58% ENELAM 87.03 ▼ 1.09% CENCOSUD 1,951 ▼ 0.20% CMPC 1,062 ▲ 0.68% BANCO CHILE 191.20 ▼ 1.30% LATAM AIR 25.23 ▲ 1.98% YPF 8,130 ▼ 1.93% GGAL 7,975 ▲ 1.18% PAMPA 5,505 ▼ 0.90% TXAR 656.00 ▼ 0.53% ALUAR 968.00 ▼ 0.97% TGS 9,930 ▼ 1.19% CEPU 2,371 ▼ 1.04% MIRGOR 1,635 ▼ 90.00% COME 43.40 ▼ 1.43% LOMA NEGRA 3,580 ▼ 1.11% BYMA 294.25 ▼ 0.42% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.60 ▼ 1.04% BANCOLOMBIA 91.32 ▼ 1.30% GRUPO AVAL 5.20 ▼ 1.52% CREDICORP 395.73 ▼ 1.21% SOUTHERN COPPER 186.58 ▲ 2.12% BUENAVENTURA 30.38 ▲ 0.33% MERCADOLIBRE 1,902 ▲ 1.29% NUBANK 14.46 ▲ 0.91% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.32 ▼ 0.48% GLOBANT 37.56 ▲ 2.61% TECNOGLASS 46.68 ▲ 7.46% GAP AIRPORT 216.30 ▼ 0.48% ASUR 275.42 ▼ 0.07% OMA AIRPORT 106.21 ▼ 0.65% AMX ADR 24.89 ▼ 1.83% FEMSA ADR 125.08 ▼ 2.27% CEMEX ADR 11.88 ▲ 0.47% PETROBRAS ADR 19.05 ▼ 1.83% VALE ADR 14.60 ▼ 3.09% ITAU ADR 8.48 ▲ 0.18% SANTANDER BR 5.72 ▲ 0.88% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.46% GERDAU 5.02 ▲ 1.21% LATAM ADR 54.54 ▲ 3.37% BTC 63,803 ▲ 0.51% ETH 1,869 ▼ 0.74% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.52% BNB 591.04 ▲ 0.59% ADA 0.19 ▲ 2.24% DOGE 0.07 ▼ 0.64% AVAX 6.57 ▲ 0.47% LINK 8.23 ▼ 1.66% DOT 0.82 ▲ 3.25% LTC 44.29 ▼ 0.77% BCH 213.67 ▲ 0.54% TRX 0.33 ▲ 0.70% XLM 0.17 ▼ 1.21% HBAR 0.07 ▲ 0.61% NEAR 1.74 ▲ 1.37% ATOM 1.37 ▲ 8.08% AAVE 92.83 ▲ 0.90% SELIC 14.25% EMBRAER 90.37 ▲ 4.01% EMBRAER ADR 71.14 ▲ 4.11% JBS 13.76 ▼ 1.89% JBS BDR 69.88 ▼ 1.16% MBRF3 17.73 ▲ 1.08% MBRFY 3.43 ▼ 0.29% INTER 5.59 ▼ 0.27% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.15% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.95▼ 0.32% USD/CNY6.75▼ 0.07% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▼ 0.26% GBP/USD1.34▼ 0.42% SPX 7,600 ▲ 1.48% DJI 53,178 ▲ 1.32% NDX 28,777 ▲ 1.78% RUT 2,983 ▲ 1.77% TSX 35,226 ▼ 0.79% VIX 15.71 ▼ 1.75% USD/CAD1.40▲ 0.26% US10Y 4.6860 ▼ 1.24% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.23% USD/MXN 17.32 ▲ 0.05% USD/CLP 924.39 ▼ 0.72% USD/COP 3,228 ▲ 0.79% USD/PEN 3.39 ▼ 0.09% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 57.83 ▼ 0.28% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.10 ▲ 0.31% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.12% BRENT 83.81 ▼ 7.00% WTI 80.31 ▼ 5.15% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.67% GOLD 4,111 ▲ 1.53% SILVER 58.31 ▲ 1.25% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.31 ▲ 0.13% PETR4 42.82 ▼ 1.38% VALE3 74.44 ▼ 2.41% ITUB4 43.05 ▲ 0.42% BBDC4 18.57 ▲ 0.86% ABEV3 15.78 ▼ 1.31% BBAS3 21.30 ▼ 0.23% B3SA3 15.63 ▼ 0.64% WEGE3 48.42 ▲ 2.58% PRIO3 58.76 ▼ 3.43% SUZB3 43.18 ▼ 0.32% RENT3 38.09 ▲ 1.28% AZZA3 16.34 ▼ 0.49% CSAN3 4.08 ▲ 0.25% RAIZ4 0.25 ▼ 3.85% PCAR3 2.72 ▲ 5.02% GMAT3 4.01 ▼ 0.50% PSSA3 54.09 ▼ 1.12% CVCB3 1.42 ▲ 8.40% POSI3 3.53 ▼ 0.56% SLCE3 13.38 — 0.00% NATU3 8.55 ▲ 2.03% BRKM5 5.93 ▼ 0.67% RANI3 8.44 ▲ 4.07% CSNA3 4.55 ▼ 5.99% CMIN3 5.75 ▲ 0.70% USIM5 7.58 ▲ 2.99% GGBR4 25.45 ▲ 1.88% ENEV3 26.77 ▲ 1.75% CPFE3 45.99 ▼ 0.33% CMIG4 11.27 ▼ 0.62% EQTL3 38.88 ▲ 0.57% LREN3 13.92 ▲ 2.35% VIVT3 32.29 ▼ 1.04% RAIL3 14.11 ▼ 2.29% KLABIN 18.31 ▲ 0.33% RAIA DROGASIL 18.80 ▲ 1.73% RDOR3 34.14 ▼ 1.44% HAPV3 11.92 ▲ 5.67% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.05 — 0.00% VBBR3 36.22 ▲ 0.47% BBSE3 41.32 ▲ 0.15% BPAC11 57.27 ▲ 0.83% CURY3 31.54 ▲ 4.82% AERI3 2.14 ▼ 0.47% VIVARA 22.85 ▲ 3.02% COMPASS 25.04 ▲ 0.81% VAMOS 3.29 ▼ 1.50% SANB11 28.92 ▲ 1.05% ASAI3 8.51 ▲ 0.12% SBSP3 27.42 ▼ 1.01% WALMEX 49.80 ▼ 0.90% GMEXICO 212.28 ▲ 2.20% FEMSA 217.16 ▼ 1.94% CEMEX 20.62 ▲ 0.54% GFNORTE 198.23 ▼ 1.17% BIMBO 61.32 ▼ 1.03% TELEVISA 9.69 ▼ 1.22% AMX 21.60 ▼ 2.13% GAP 375.15 ▼ 0.37% ASUR 275.42 ▼ 0.07% OMA 230.10 ▼ 0.53% KOF 185.00 ▼ 1.21% GRUMA 263.99 ▲ 2.23% KIMBER 40.09 ▼ 0.27% SQM-B 61,940 ▼ 1.21% COPEC 6,298 ▼ 0.82% BSANTANDER 79.87 ▼ 1.38% FALABELLA 6,315 ▲ 1.58% ENELAM 87.03 ▼ 1.09% CENCOSUD 1,951 ▼ 0.20% CMPC 1,062 ▲ 0.68% BANCO CHILE 191.20 ▼ 1.30% LATAM AIR 25.23 ▲ 1.98% YPF 8,130 ▼ 1.93% GGAL 7,975 ▲ 1.18% PAMPA 5,505 ▼ 0.90% TXAR 656.00 ▼ 0.53% ALUAR 968.00 ▼ 0.97% TGS 9,930 ▼ 1.19% CEPU 2,371 ▼ 1.04% MIRGOR 1,635 ▼ 90.00% COME 43.40 ▼ 1.43% LOMA NEGRA 3,580 ▼ 1.11% BYMA 294.25 ▼ 0.42% TELECOM ARG 4,410 ▲ 0.06% ECOPETROL 16.60 ▼ 1.04% BANCOLOMBIA 91.32 ▼ 1.30% GRUPO AVAL 5.20 ▼ 1.52% CREDICORP 395.73 ▼ 1.21% SOUTHERN COPPER 186.58 ▲ 2.12% BUENAVENTURA 30.38 ▲ 0.33% MERCADOLIBRE 1,902 ▲ 1.29% NUBANK 14.46 ▲ 0.91% XP 17.01 ▼ 0.32% PAGSEGURO 9.63 ▼ 0.16% STONE 11.32 ▼ 0.48% GLOBANT 37.56 ▲ 2.61% TECNOGLASS 46.68 ▲ 7.46% GAP AIRPORT 216.30 ▼ 0.48% ASUR 275.42 ▼ 0.07% OMA AIRPORT 106.21 ▼ 0.65% AMX ADR 24.89 ▼ 1.83% FEMSA ADR 125.08 ▼ 2.27% CEMEX ADR 11.88 ▲ 0.47% PETROBRAS ADR 19.05 ▼ 1.83% VALE ADR 14.60 ▼ 3.09% ITAU ADR 8.48 ▲ 0.18% SANTANDER BR 5.72 ▲ 0.88% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.46% GERDAU 5.02 ▲ 1.21% LATAM ADR 54.54 ▲ 3.37% BTC 63,803 ▲ 0.51% ETH 1,869 ▼ 0.74% SOL 73.96 ▲ 0.70% XRP 1.08 ▼ 0.52% BNB 591.04 ▲ 0.59% ADA 0.19 ▲ 2.24% DOGE 0.07 ▼ 0.64% AVAX 6.57 ▲ 0.47% LINK 8.23 ▼ 1.66% DOT 0.82 ▲ 3.25% LTC 44.29 ▼ 0.77% BCH 213.67 ▲ 0.54% TRX 0.33 ▲ 0.70% XLM 0.17 ▼ 1.21% HBAR 0.07 ▲ 0.61% NEAR 1.74 ▲ 1.37% ATOM 1.37 ▲ 8.08% AAVE 92.83 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BRICS: Brazil’s Position Within the Anti-U.S. and pro-Venezuela Bloc

By · July 29, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – As a member of BRICS, the largest group of emerging economies, Brazil coexists with nations that are opposed to issues that are sensitive to the Bolsonaro government in the international scenario. These countries are also among the main adversaries of the USA, regarded as the preferred partner by the Brazilian government and with whom the current administration maintains an ideological alignment.

The presidents of the BRICS member States.
The presidents of the BRICS member states. (Photo internet reproduction)
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Of all the G20 nations, only five acknowledge Nicolas Maduro as Venezuela’s rightful president. Of these, three are members of BRICS: South Africa, China, and Russia (India, the other member of the bloc, holds a neutral position concerning Venezuela). The Russians also maintain a strategic military partnership with the Maduro regime.

Brazil, on the other hand, together with the United States, has been one of the main drivers for deposing Maduro. Additionally, the Americans are in a trade war with the Chinese, have a historical record of friction with Russians and have also recently diverged from the Indians in the economic area.

How is Brazil dealing with its BRICS partners, so seemingly misaligned with its new foreign policy? Pragmatically, ignoring ideological issues or only marginally addressing them to prioritize trade and strategic partnerships.

How is Venezuela viewed by the BRICS? According to an Itamaraty source who spoke in a confidential capacity, the stalemate with Venezuela is not a problem for the unity of the BRICS because the member countries do not expect agreement on foreign policy issues.

The source further states that the member countries agree on some aspects of Venezuela’s situation, such as the Venezuelan people’s desire for stability, economic recovery, and well-being.

Another political disagreement between the current Brazilian government and the other BRICS lies in the relationship with the USA. President Jair Bolsonaro and foreign minister Ernesto Araújo have a close ideological alignment with current U.S. leaders, which makes Brazil an exception within the bloc.

President Jair Bolsonaro and Minister Ernesto Araújo have a close ideological alignment with current US leaders.
President Jair Bolsonaro and foreign minister Ernesto Araújo have a close ideological alignment with current U.S. leaders. (Photo internet reproduction)

China and Russia, aside from their historical differences with the USA, have had a “criticize then praise” relationship with Donald Trump’s administration: they rehearse truce and exchange barbs.

India’s relationship with the Trump management is not smooth. A few weeks ago, the Indians lost the special trade status they had with the U.S., which exempted them from tariffs on exports to the U.S. In response, India has imposed higher tariffs on some products from the United States.

Can differences hinder Brazil’s relationship with the other BRICS?

Even with such distinct positions concerning the U.S. and Venezuela, Brazil will have no difficulty in negotiating with BRICS, says the same Itamaraty source.

Regarding a potential slowdown in Brazilian interest in BRICS as a result of the closer relationship with the U.S., the source says that BRICS remains “a priority: it’s an important bloc of countries with a consistent cooperation agenda.”

Other Brazilian guidelines with the BRICS: the priority issues for Brazil’s current presidency for the bloc are science and technology, innovation, digital economy, and the BRICS bank, the New Development Bank, which will soon have a regional office in São Paulo.

Another issue of interest to Brazil is the fight against transnational crimes, particularly in counterterrorism, anti-corruption, and asset recovery.

In the field of science and technology, the BRICS are creating a cooperation network named iBrics, which aims to encourage partnership between business incubators and medium-sized companies. The network will formally come into existence after the BRICS Summit, which will be held in Brasília on November 13th and 14th this year.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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