India, Brazil and South Africa (IBSA) is working towards sorting out procedural and infrastructural bottlenecks to increase mutual operation in key areas of energy, tourism and mining, industry body CII said on Monday.
The "strategic alliance" that is the India-Brazil-South Africa trilateral axis is now more than simply a dialogue but a "privileged relationship" favouring a world where democracy will prevail not only in its political manifestation but also on social and cultural levels
Thailand and Brazil would swap the role of gateway to Asean and MERCOSUR trade block in the Latin America to boost trade of both sides, Foreign Minister Noppadon Pattama said Tuesday.
Czech Foreign Minister Karel Schwarzenberg and his Brazilian counterpart Celso Amorim signed a Czech-Brazilian agreement on cooperation in the fields of economy and industry in Prague, during Brazilian President Luiz Inacio Lula da Silva’s visit to the Czech Republic.
Long-stalled talks on a trade agreement between the European Union and South America’s Mercosur bloc should make progress in the second half of this year, Brazil’s foreign minister said on Thursday.
Mercosur with Venezuela included has “the potential of becoming a trade block of the whole of South America” said Brazilian Foreign Affairs minister Ceslo Amorim who also insisted that keeping out of the Washington inspired Free Trade Area of the Americas, FTAA, “has been positive”.
So concerned is Brazil about the Caribbean EPA that it sent, on February 5, a communication to the World Trade Organisation requesting a debate. Its concern is that the arrangement agreed with the European Commission may cause nations like India, China and others to cease to negotiate with nations like the Caribbean.
When Ministers of Caricom’s Council for Finance and Planning (COFAP) meet in The Bahamas tomorrow, they are expected to consider the implications for this region of reservations expressed by Brazil at the World Trade Organisation (WTO) on provisions of the Economic Partnership Agreements (EPAs) being negotiated with the European Commission (EC).
Major US exporters urged the Bush administration to begin negotiations with the "BRIC" nations — Brazil, Russia, India and China — on bilateral investment treaties, which they said were critical to US service company efforts to tap those large markets.
The Commission of the Constitution and Justice (CCJ) of the Brazilian Chamber of Deputies approved the entrance of Venezuela to the Common Market of the South (MERCOSUR).
The Brazilian Lower House Constitution and Justice Committee passed on Wednesday a motion for the long awaited incorporation of Venezuela to the South American trade block, Mercosur. However Venezuelan membership still faces a full debate in the House and must convince the Brazilian Senate.
In the United States, experts debate whether biofuel growth in the tropics will cut into profits for Midwest producers. Special free-trade agreements with those countries can make it less expensive to ship ethanol from there to the US coasts.
Certain analysts were critical of the summit’s achievements, saying it failed to make real headway with matters central to trade between the three regional powers — such as tariffs.
The declaration issued after the Tshwane India-Brazil-South Africa (IBSA) Summit on 17 October 2007.
India, Brazil and South Africa cemented their trilateral cooperation by signing seven agreements here Wednesday and resolved to push for a free trade area, with Prime Minister Manmohan Singh calling for considerably enhancing trade among the three.
IBSA was conceived in 2003 to counterbalance the powerful Group of Eight alliance of industrialised countries and to promote South-South cooperation. But a reality check reveals that all three IBSA members still do by far most of their business with industrialised countries.
After the failure of talks on the Free Trade Area of the Americas and slow progress in advancing the Doha round agenda of the World Trade Organization, executives from Brazil and the US have decided to take the matter of improving trade relations between their countries into their own hands.
Bilateral trade agreement with Asean and European Union are passe. The stage is set for the first trans-continental treaty with India, South Africa and Mercosur — comprising Brazil, Argentina, Uruguay and Paraguay — launching negotiations on a preferential trade agreement later this week.India will also start technical negotiations on Saturday for a PTA with the Southern African Customs Union, which consists of South Africa, Botswana, Namibia, Lesotho and Swaziland.
Political and economic alliances with a view to strengthening Latin American integration are subtly shifting with a growing distance between Chávez and Lula
Brazil wants a "goodwill gesture" from Venezuela before its Congress votes it into the Mercosur trade bloc, but President Hugo Chavez’s government indicated Thursday it won’t be extending an olive branch any time soon.