IBSA

India, Brazil and South Africa are planning to enter into a trilateral free trade agreement, linking three economic powerhouses of Asia, Latin America and Africa in what would be a major South-South FTA. It is still unclear whether IBSA would liberalise trade between the three national markets or those of SACU (for South Africa), Mercosur (for Brazil) and India.

IBSA as an institution is making slow progress and it seems likely that some FTA between the three will eventuate. In April 2010 the three governments signed scientific cooperation agreements. South Africa hosted the fifth annual IBSA Dialogue Forum in October 2011.

last update: May 2012

Articles

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  • 3-Nov-2011 Ibsa partners boost trade, gird themselves for global crisis
    South Africa is achieving significant success in trade with its Ibsa part- ner countries, India and Brazil, President Jacob Zuma highlighted at a press conference in Pretoria last week. (South Africa hosted the fifth Ibsa Dialogue Forum summit on October 17 and 18.)
  • 19-Oct-2011 IANS India, Brazil, South Africa to hold meet for enhancing trade
    In a bid to enhance trade ties, India, Brazil and South Africa have decided to hold an annual meeting of trade ministers with New Delhi being the venue for the first such dialogue, the South African commerce ministry has said.
  • 22-May-2011 Business Standard India seeks trade pact with MERCOSUR
    India is soon going to launch negotiations to have a comprehensive economic cooperation agreement (CECA) with Latin American trading bloc MERCOSUR even as it looks to “expedite” the talks to have a preferential trade agreement with the South African Customs Union (SACU).
  • 29-Mar-2011 Business Standard Trade agreement with SA Customs Union faces regulatory hurdles
    The Preferential Trade Agreement (PTA) between India and South Africa Customs Union (SACU) has run into some regulatory issues even as both countries have vowed to achieve bilateral trade worth $15 billion by 2014 from around $10 billion at present.
  • 3-Sep-2010 Sify India-South America trade deal to be expanded
    India and Mercosur, a trade bloc of South American countries, have agreed to expand their free trade agreement to cover more products.
  • 18-Aug-2010 Daily Dispatch India, SA trade agreement on track
    India’s government hopes to “wrap up very quickly” negotiations around a free trade agreement with South Africa.
  • 16-Apr-2010 Xinhua IBSA countries sign agreements on scientific areas
    Representatives from India, Brazil and South Africa (IBSA) on Thursday signed two agreements on scientific cooperation, in Brazilian capital Brasilia.
  • 4-Dec-2009 IPS Trilateral treaty of the South
    Negotiations to form a trade alliance between countries of Africa, Asia and South America stepped up to a political level when ministers discussed the issue this week, giving the initiative a further boost.
  • 29-Aug-2009 Krishna to leave for Brazil on Sunday
    Foreign minister S M Krishna will be pay an official visit to Brazil from August 30 to September 1 for co-chairing the 4th India-Brazil Joint Commission Meeting and also for participating in the sixth IBSA Trilateral Commission meeting.
  • 9-Apr-2009 Look to Brasilia, Not Beijing
    Threats to the global liberal order are usually identified with illiberal states. That’s why China, with its repressive domestic regime and its see-no-evil (unless related to the United States) foreign policy attracts so much attention these days.
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    Links

  • IBSA
    Official website of the initiative to foster trilateral integration (including an FTA) between India, Brazil and South Africa