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Brazil’s exit - Belt and Road Initiative
November 2 , 2024
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- Brazil has decided to opt out of China's Belt and Road Initiative (BRI).
- Thus, it becomes the second country after India in BRICS not to support the multi-billion-dollar project.
- India has also protested against the $60 billion China-Pakistan Economic Corridor (CPEC).
- It is a flagship BRI project that runs through Pakistan-occupied Kashmir, arguing it violates its sovereignty.
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