ISDS Case Map
IBSA
South Africa is achieving significant success in trade with its Ibsa part- ner countries, India and Brazil, President Jacob Zuma highlighted at a press conference in Pretoria last week. (South Africa hosted the fifth Ibsa Dialogue Forum summit on October 17 and 18.)
In a bid to enhance trade ties, India, Brazil and South Africa have decided to hold an annual meeting of trade ministers with New Delhi being the venue for the first such dialogue, the South African commerce ministry has said.
India is soon going to launch negotiations to have a comprehensive economic cooperation agreement (CECA) with Latin American trading bloc MERCOSUR even as it looks to “expedite” the talks to have a preferential trade agreement with the South African Customs Union (SACU).
Critics want southern Africa to look at Latin America's Bolivarian Alliance for the Peoples of Our America (ALBA) as an approach to achieving regional economic integration based on fulfilling basic human needs and the services that are required to meet them instead of trade liberalisation with the EU, within the BRICSA group (Brazil, Russia, India, China and now South Africa) or within the region itself.
India's government hopes to “wrap up very quickly” negotiations around a free trade agreement with South Africa.
Representatives from India, Brazil and South Africa (IBSA) on Thursday signed two agreements on scientific cooperation, in Brazilian capital Brasilia.
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.
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.
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.
Developing countries hoping to compensate for slumping demand in rich countries and falling commodity prices are looking at ways to bolster one of the most dynamic parts of their economies -- South-South trade.
