Brazil, India and S.Africa to step up trade, ties
The leaders of India, Brazil and South Africa agreed on Wednesday to cooperate on energy and transportation and boost trade to $10 billion per year as part of a deepening alliance between three of the worlds leading emerging markets.
Brazils President Luiz Inacio Lula da Silva, Indian Prime Minister Manmohan Singh and South African President Thabo Mbeki said the summit was an important step in boosting trade among developing nations that have traditionally had more commerce with richer Northern Hemisphere economies.
Speaking at its opening, Mbeki said the IBSA alliance was a needed response to a current global trade system which gives too little to the many and too much to the few.
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Swiss want more spice in trade ties with India
Wrapping up his visit to India, Swiss Economics Minister Joseph Deiss says both countries have every interest in cementing and pushing economic ties.
Deiss was speaking in the Indian capital, New Delhi, late on Monday after talks with the Indian commerce and trade minister, Kamal Nath.
At a briefing for journalists after their meeting Kamal Nath said he hoped that small and medium-sized enterprises (SMEs) would soon have a better role to play in bilateral ties.
"I have asked Mr Deiss to work out a visit of a Swiss SME delegation which the Indian
Swiss want more spice in trade ties with India
Wrapping up his visit to India, Swiss Economics Minister Joseph Deiss says both countries have every interest in cementing and pushing economic ties.
Deiss was speaking in the Indian capital, New Delhi, late on Monday after talks with the Indian commerce and trade minister, Kamal Nath.
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Brazil, India offer trade concesssions at G7
LONDON (Reuters) - Brazil and India offered concessions on industrial goods and services on Saturday to break an impasse in global trade liberalisation talks but made clear developed countries must at least match their moves.
Indian and Brazilian officials made the offer at a meeting with finance ministers from the Group of Seven industrialised nations in London.
India offered to lower its tariff barriers by more than the 50 percent it has already proposed to make global trade talks a success, adding that such a move would be implemented only if developed economies could match or
India glad WTO back on track
After tortuous negotiations spread over six days, a compromise trade deal was clinched among the World Trade Organisation's 150 members at a late-night session on Sunday.
Violent protests by opponents of trade reforms and grumbling by poor countries notwithstanding, the ministers resolved to finalise the modalities for a new trade deal in the next six months. The signal: trade reforms worldwide are on track.
The deal gives rich countries an eight-year time frame to end export subsidies. Accordingly, the likes of the US, the EU and Japan will phase out such subsidies by 2013. The G-110, led
