Friday, October 31, 2014   

BRICS, South American leaders to hold talks
(07-16 13:57)

Leaders of the BRICS group of emerging powers hold a summit Wednesday with South American presidents, bringing together nations seeking alternatives to US influence in the region.
The leaders of Brazil, Russia, India, China and South Africa will hold talks in the Brazilian capital with counterparts from Argentina, Chile, Colombia, Ecuador, Venezuela and other Latin American nations.
The gathering follows a BRICS-only summit Monday in the northeastern seaside city of Fortaleza, where the five nations agreed to create a development bank and a crisis reserve fund seen as rivals to Western-dominated financial institutions.
Now Brazilian President Dilma Rousseff will host her BRICS counterparts and her allies in South America for a day of talks in the capital.
"It's an opportunity for Brazil to show that it's not just interested in the BRICS but that it is betting on integration and what benefits the region,'' said Oliver Stuenkel, foreign relations professor at the Getulio Vargas Foundation.
For Chinese President Xi Jinping, the meetings represent a new push by Beijing to gain clout in a region traditionally seen as a US backyard.
After Wednesday's talks, Xi will spend one more day in Brazil to launch a China-Latin America forum with leftist leaders including Cuban President Raul Castro. --AFP   
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