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India,
Brazil, South Africa to Strengthen Trade
Ties
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India,
Brazil and South Africa have agreed to keep
a rapidly growing trilateral trade as a
way of strengthening their common standings
in talks for trade liberalisation with developed
nations, officials of the three countries
said. "We are doing the right thing," Brazil's
Foreign Minister Celso Amorim said on Wednesday
at the closing of a one-day forum on trade
and investment among the three nations.
"Only in the last two years, bilateral trade
with India increased by 170 per cent. With
South Africa it went up by 86 per cent,"
he said. Amorim added that 54 per cent of
Brazil's total trade of about $200 billion
last year came with developing nations.
"We are creating better conditions to negotiate
at the World Trade Organisation." Indian
Deputy Trade Minister Jayant Dasgupta said
the three countries identified areas to
increase trilateral trade. The three nations
were ready to encompass all areas, including
oil, natural gas, infrastructure, auto industry
and agriculture. South African Foreign Trade
Minister Nkosazana Dlamini Zuma said the
trio had pointed out areas where trade could
develop further, but gave no details. The
three nations make up a commission known
as IBSA -- an acronym for India, Brazil
and South Africa -- which has been working
to boost trade and expand cooperation among
developing nations of the three continents
they represent. The forum took place ahead
of an informal WTO meeting on Friday and
Saturday in Rio de Janeiro with US Trade
Representative Rob Portman, European Union
Trade Commissioner Peter Mandelson, WTO
chief Pascal Lamy, and Brazil's Amorim.
Courtesy:
Hindustan Times, March 30, 2006
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Chile
Supports India For Permanent Seat in UNSC
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Chile
has affirmed its support to India's candidature
for a permanent seat in the expanded UN
Security Council as the two countries discussed
various issues, including reforms of the
world body. Minister of State for External
Affairs Anand Sharma, during a two-day visit
to the Latin American country ending Tuesday,
called on Chilean President Michelle Bachlet,
the first woman head of the State who assumed
office on March 11. Sharma also held talks
with Chilean Acting Vice Minister of Foreign
Affairs Carlos Portales. The two leaders
discussed wide range of issues of mutual
interest, which included bilateral matters
like trade, scientific cooperation and Free
Trade Agreement, a release issued by the
Indian Embassy said. They also discussed
reform of the Security Council and Chile
expressed its support to India's candidature
as a permanent member of the world body.
Sharma also inaugurated a computer laboratory
built by India at a cost of USD 30,000 to
the Republic of India School in Santiago.
Courtesy:
Hindustan Times, March 30, 2006
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