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President expects Bolivia to obtain new opportunities as BRICS partner state

According to Luis Arce, it will make possible for the country to expand and diversify trade relations with growing markets

BUENOS AIRES, January 2. /TASS/. Bolivia will obtain new trade and economic opportunities as a BRICS partner state, the country’s President Luis Arce said.

"Integration into BRICS gives us the opportunity to promote key sectors such as energy, trade, technology, production and sustainable finances. In a world full of uncertainty due to the transition to a new global order, being a part of this bloc will allow us to diversify and protect our heritage," he wrote on the X social media platform.

According to Arce, "new doors" will open to Bolivia as a BRICS partner state, making it possible for the country to expand and diversify trade relations with growing markets.

Brazil took over the BRICS chairmanship on January 1, 2025. New partner states joined the group on the same day. According to the Russian Foreign Ministry, the list includes Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda and Uzbekistan. The partner state category is part of a new BRICS development formula that was agreed at the group’s summit in the Russian city of Kazan on October 22-24, 2024.

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