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[Image courtesy of NASA]
The Brazilian minister said that the satellites’ project as others in the space field have the objective of reinforcing “sovereignty” in the region.
This would also break the dependency on data obtained by satellites from other countries operating over the Atlantic, Brazil has asserted.
Argentina and Brazil will also be launching their first two jointly developed scientific satellites for research along the Atlantic coast in a couple of years.
The satellites that will orbit to keep track of the two countries Atlantic coast, will have an estimated weight of 500 kilos each with “a Brazilian structure and an Argentine payload”, explained the minister.
Source: Agencies
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.
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