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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 libealise trade between the three national markets or those of SACU (for South Africa), Mercosur (for Brazil) and India.

IBSA as an institution is moving along and it’s likely that some FTA between the three will see the day at some point.

last update: April 2009

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Trilateral treaty of the South | 4-December-2009

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.


Krishna to leave for Brazil on Sunday | 29-August-2009

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.


Look to Brasilia, Not Beijing | 9-April-2009

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.


Third Tri-Nations Summit for Small Business Development Inaugurated | 19-November-2008

With the aim of enhancing co-operation between India, Brazil and South Africa in the field of Small Industries, the Third Tri-nation Summit for Small Business Development began in Faridabad. Inaugurating the Summit the Union Minister of Micro, Small and Medium Enterprises Shri Mahabir Prasad raised hope that the summit will help the small industries of IBSA countries to meet global challenges.


Trade Talk | 7-November-2008

Last month, captains of industry from India, Brazil and SA (Ibsa) descended on the Indian capital for the third summit of the Ibsa Trilateral Business Council.


Trilateral trade surging, but economic relations still well below potential | 6-November-2008

The figures are undoubtedly impressive. A total combined gross domestic product (GDP) in purchasing power parity (PPP) terms of more than $5,28- trillion, or 8% of the total global PPP GDP of over $65,6-trillion. A total population of more than 1,39-billion people, or just under 21% of the global population of more than 6,7-billion. These numbers show the combined weight of India, Brazil and South Africa (Ibsa), the three member countries of the Ibsa Dialogue Forum.


IBSA: Connectivity will ensure the way forward | 22-October-2008

Can India, Brazil and South Africa (IBSA) together make more money than they can spend? This was the fervent of the South African High Commissioner Francis Moloi at the third IBSA Business Summit 2008 that recently took place in New Delhi. Considering the three countries lie in different continents, connectivity is a major issue. In fact, integrating the three economies may be the ideal way to combat the global downturn.


’South-south cooperation a viable strategy’ | 19-October-2008

Developing countries have talked of the philosophy of South-south cooperation for development for a very long time. A number of initiatives was launched during the 1960s and 1970s. However, progress was modest because of lack of resources and institutional weaknesses in developing countries. With the emergence of countries like Brazil, India and South Africa in this millennium with considerable capabilities and collective development experiences that South-south cooperation has begun to be seen as a viable strategy.


India, Brazil and South Africa should gang up with China | 15-October-2008

The India-Brazil-South Africa (IBSA) formation could have enough clout to stand up to the European Union and the US but it needs the help of emerging superpower China. Alternatively it should align with the BRIC (Brazil-Russia-India-China) group.


IBSA nations set trilateral trade target of $15 bn | 13-October-2008

Reflecting their growing economic ties, India, Brazil and South Africa (IBSA) have set an ambitious trade target of $15 billion between the three countries by 2010.


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