Seven Latin American nations are now signaling a clear interest in joining the powerful BRICS alliance. The move could reshape global trade and weaken the US dollar’s dominance in the international markets. From Bolivia’s formal request to Colombia’s quiet diplomatic talks, the bloc’s expansion into the Americas is gathering pace. In this article, we will provide a comprehensive list of countries and their potential impact on the global economy.
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These 7 Latin American Nations Are Interested in Joining the BRICS Alliance
The alliance sent an invitation to Argentina in 2023, but the newly elected President Javier Milei declined membership. Milei also badmouthed the group, citing that they’re a gang of mostly dictators. The alliance wanted to enter the Latin American markets through Argentina, but Milei stopped them in their tracks. While Argentina is not interested in BRICS, these seven Latin American nations want to join the bloc.
The 7 Latin American nations that are eager to join BRICS are:
- Bolivia
- Chile
- Colombia
- Cuba
- Honduras
- Peru
- Venezuela
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What Happens To the US If They Join the Alliance?
The US is mostly responsible for the decline of its economy through sanctions, tariffs, and trade wars. Latin American countries have been on the receiving end of the US for decades, as they’re run by dictators. Trade in Latin American nations has dried up, and they desperately need to join BRICS to revive their economies.
In addition, BRICS is also seeking to gain entry in the Latin American markets through trade and NDB loans. Facilitating deals in local currencies will benefit all countries that initiate trade and cross-border settlements. It is the only option left to end the US dollar’s supremacy on the broader markets. We will have to wait and watch if they will be inducted into the alliance at the 2026 summit.