IBSA
India, Brazil and South Africa are planning to enter into a trilateral free trade agreement, linking three economic powerhouses of Asia, Latin America and Africa in what would be a major South-South FTA. It is still unclear whether IBSA would liberalise trade between the three national markets or those of SACU (for South Africa), Mercosur (for Brazil) and India.
IBSA as an institution is making slow progress and it seems likely that some FTA between the three will eventuate. In April 2010 the three governments signed scientific cooperation agreements. South Africa hosted the fifth annual IBSA Dialogue Forum in October 2011.
last update: May 2012
photo: GovernmentZA/CC BY-ND 2.0
IANS | 19-Oct-2011
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.
:
IBSA
Business Standard | 22-May-2011
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).
:
IBSA
Business Standard | 29-Mar-2011
Sify | 3-Sep-2010
Daily Dispatch | 18-Aug-2010
India’s government hopes to “wrap up very quickly” negotiations around a free trade agreement with South Africa.
:
IBSA
Xinhua | 16-Apr-2010
Representatives from India, Brazil and South Africa (IBSA) on Thursday signed two agreements on scientific cooperation, in Brazilian capital Brasilia.
