Although India, Brazil, and South Africa share bilateral trade agreements amongst themselves, binding trilateral free trade arrangements between the countries are not an option at the present time because of previously signed multinational agreements involving their neighboring nations.
India announced that it is evolving an agreement in maritime shipping within IBSA (India, Brazil and South Africa) and working out modalities to implement the framework agreement in civil aviation in the region. It cautioned, however, that since Brazil and South Africa were members of MERCOSUR and SACU, there were constraints in working out a trilateral FTA within the IBSA framework.
Mercosur is becoming more of a political body than a free-trade advocacy group.
It’s Bush vs. Chavez as 33 heads of state meet Friday for Summit of the Americas.
The Free Trade Area of the Americas (FTAA) will become a reality only if the United States allows increased market access for Brazilian agriculture and competitive manufactures and if Brazil reciprocates by opening its market to foreign competition in goods and services.
The talks on a future Free Trade Area of the Americas (FTAA) have divided Latin American states into different interest groups prior to the 4th Summit of the Americas to be held in Argentina on Nov. 4-5.
Latin American countries have rightly learned to be apprehensive over the domination of the United States, and it is this reluctance that is behind their slowdown over the FTAA.
Terming an India-Brazil-South Africa (IBSA) Free Trade Agreement as a “distinct possibility”, the Indian government said it is looking at other ways of enhancing trade relationship with the two countries.
The relationship between Nigeria and Brazil yesterday took a major leap with the signing of bilateral agreements by Presidents Olusegun Obasanjo and liiz Inacio Da Silva.
As indicated by CAFTA’s ratification, instead of pushing for the enactment of the FTAA, the Bush administration has re-evaluated its strategy, now attempting to build up momentum by establishing separate free trade agreements with the different regions in the hemisphere through a "divide-and-conquer" strategy.
The European Union hopes to reach a free trade agreement with Latin American trade group Mercosur by May 2006. But some Brazilian diplomats said Brazil wishes to delay the signing of the agreement till the end of the Doha round so as to seek more concessions from the EU on issues regarding agricultural products.
The Government of India has identified Brazil as strategic partner in Latin America and is strengthening relations and expanding cooperation.
Brazilian President Luiz Inacio Lula da Silva opens an Arab-Latin American summit today aimed at increasing commerce between the two regions as he seeks to reduce developing nations’ dependence on the U.S. and European Union.
US Secretary of State Condoleezza Rice called on Brazil to "reenergize" talks with the US on the proposed Free Trade Agreement of the Americas.
Clinching a deal for a 34-country free-trade zone that would stretch from Alaska to Argentina is "off the agenda" for Brazil, President Luiz Inacio Lula da Silva said Wednesday.
Proposal for a Council Decision on the signing of the Agreement for scientific and technological co-operation between the European Community and the Federative Republic of Brazil
From September 20th to 24th the negotiators for Mercosul
[Mercado Común del Sur] met in Brussels. Among them were the
negotiators from Brazil and the European Union to make bids on
tariffs and integration processes.
Brazilian Foreign Minister Celso Amorim said Monday that differences over agriculture and other issues had made it impossible for negotiations to be completed over a free trade agreement between the European Union (EU) and the Common Market of the South (Mercosur) by Oct. 31, the original target date.
Japan’s Prime Minister Junichiro Koizumi arrived for his first visit to Brazil Tuesday to make what authorities from both countries hope will be a lasting impression.
Negotiations on a free trade agreement between the European Union (EU) and the Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) have entered their decisive stage.