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Venezuela OK’d for MERCOSUR
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).
Brazilian signal for Venezuela’s Mercosur membership
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.
Caribbean nations grapple with biofuel issues
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.
IBSA summit a "political endorsement" for future plans
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.
Joint declaration of second IBSA summit
The declaration issued after the Tshwane India-Brazil-South Africa (IBSA) Summit on 17 October 2007.
India, Brazil, South Africa aim for free trade, sign seven accords
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.
India, Brazil, South Africa - the power of 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.
Brazil, US executives seek to make up lost ground on trade
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.
India to start FTA talks with Brazil, S Africa this week
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.
Vying for leadership, Lula heads north, Chávez south
Political and economic alliances with a view to strengthening Latin American integration are subtly shifting with a growing distance between Chávez and Lula
Unapologetic Venezuela urges Brazil, Paraguay to approve entry into Mercosur
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.
India and Brazil float CEOs forum
India and Brazil, on Monday, floated a forum of Chief Executive Officers (CEOs) to facilitate both countries achieving a bi-lateral trade of $10 billion by 2010 with the visiting Brazilian President Luiz Inacio Lula da Silva asserting that the new world economic order cannot be negotiated without taking on board two of the most important developing nations.
India, Brazil trade target fixed at $10bn by 2010: Nath
Union minister of commerce and industry Kamal Nath said on Monday that Brazil and India have set a target of bilateral trade of $ 10 billion by 2010.
India, Brazil have reasons to join hands
The India-Brazil strategic partnership formalised in September last year during Prime Minister Manmohan Singh’s tour of the South American country will be reinforced this week with specific inputs on trade and technology, according to official sources.
Consolidation of the India-Brazil strategic partnership
The meaning of my visit to India - the second one since my election as the President of Brazil - is to reiterate our readiness to forge a strategic alliance between our countries as I announced during my inaugural address in 2003. The visit of Prime-Minister Manmohan Singh to Brasilia in 2006 has greatly contributed to reinforce this partnership.
Mercosur, “an illusion of integration”; Brazil no longer leads
Latinamerica has never been so divided, Mercosur is but an illusion of integration and Brazil has lost its leadership and convergence capacity according to former Brazilian president Fernando Henrique Cardoso who ruled from 1995 to 2000.
EU-Brazil: Commission proposes Strategic Partnership
The European Commission proposes to address trade and investment issues of specific bilateral relevance between the EU and Brazil that complement EU-Mercosur FTA discussions.
India, Brazil aim to strengthen bonds
One of the major outcomes of the visit of the President of the Federative Republic of Brazil Luiz Inacio Lula da Silva’s visit a couple of years ago (2004) was the signing of a market access treaty that established tariff preferences between India and the countries of Mercosur (Southern Common Market), made up of Argentina, Brazil, Paraguay and Uruguay. Brazil’s Mercosur partners sent representatives as part of Lula’s retinue.
Brazil may ratify Mercosur PTA with India by June
Brazil today said it would ratify the Mercosur preferential trade agreement (PTA) with India by June this year. However only Brazil would ratify, not the other members of Mercosur.
Brazil hopes to sign FTA soon
A free trade agreement (FTA) is expected to be concluded soon between India and the MERCOSUR group of South American countries, visiting Brazilian foreign minister, Mr Celso Amorim, today indicated. “It is partly our fault that the bilateral trade between India and Brazil is still very small around $3 billion,” Mr Amorim said at an interactive session organised by the Confederation of Indian Industry (CII).