BRICS Tighten United Front

China’s trade minister Chen Deming said his country could not follow sanctions against Iran when rising crude prices were hitting the BRICS countries / World Economic Forum/CC-BY-SA-2.0

By Ranjit Devraj NEW DELHI, Mar 29 (IPS) – At their summit in the Indian capital on Thursday, leaders of the coalition known as BRICS – Brazil, Russia, India, China and South Africa – made several poignant decisions that experts say hint at the converging of economic and political interests of a disparate regional bloc.

Opinions Divided Over Chevron Trial in Brazil

By Fabiana Frayssinet RIO DE JANEIRO, Mar 22 (IPS) – Opinions are divided in Brazil over the prosecution of U.S. oil giant Chevron for two oil spills. While some argue that the legal action is an over-reaction triggered by nationalism, others say it is necessary to show that Brazil is serious about protecting the environment.

An Assault on Multilateral Trade Negotiations

IBSA has denounced the ongoing attempts to craft an exclusive, plurilateral agreement to liberalise trade in services.  / Servaas van den Bosch/IPS

By Ravi Kanth Devarakonda GENEVA, Mar 17 (IPS) – India, Brazil  and South Africa, the international grouping for promoting international cooperation among the three countries known as IBSA, along with China and several other developing countries, have denounced the ongoing attempts to craft an exclusive, plurilateral agreement to liberalise trade in services without concluding the [...]

Oceans Will Not Survive ‘Business as Usual’

By Bari Bates BRUSSELS, Mar. 12 (IPS) – Our oceans face a grim outlook in the coming decades. Ocean acidification, loss of marine biodiversity, climate change, pollution and over-exploitation of resources all point to the urgent need for a new paradigm on caring for the earth’s oceans—"business as usual" is simply not an option anymore, [...]

Brazil, Emerging South-South Donor

By Fabiana Frayssinet RIO DE JANEIRO, Mar 1 (IPS) – The Brazilian government is stepping up South-South aid, to strengthen the South American giant’s status as a donor country and its international clout. It now provides assistance to 65 countries, and its financial aid has grown threefold in the last seven years.

Latin America, Testing Ground for Chinese Yuan

China is expanding loans to Latin America using the yuan instead of the dollar. / Kit Gillet/IPS

By Fabiana Frayssinet * RIO DE JANEIRO, Feb 29 (IPS) – China is looking to Latin America to experiment with the yuan, or renminbi, to replace the dollar, taking advantage of the growth in Chinese trade and investment in this region. But because the volume is still insignificant, it is not yet clear what impact [...]

Brazil’s Construction Boom Eases Integration of Haitians

Santo Antonio hydroelectric plant construction site in October 2010.  / Mario Osava/IPS

By Mario Osava PORTO VELHO, Brazil, Feb 21 (IPS) – Pierre was in the next-door country of Dominican Republic when the January 2010 earthquake destroyed half of Port-au-Prince and killed at least 200,000 of his fellow Haitians, including his wife and his mother.

Only Civil Society Can Save Rio+20, Say Activists

Environmental activists from around the world will be gathering in Porto Alegre this month. Credit:Clarinha Glock/IPS

By Mario Osava* RIO DE JANEIRO, Jan 24, 2012 (Tierramérica) – Large-scale social mobilisation, including street protests and parallel activities, is the only thing can save the United Nations Conference on Sustainable Development (Rio+20) from ending in nothing but frustration, according to activists and analysts.

Haitian Diaspora Tests Brazil’s International Solidarity

By Fabiana Frayssinet RIO DE JANEIRO, Jan 12, 2012 (IPS) – Brazil, for decades a source of migrants to the United States and Europe, is now facing its own humanitarian challenge: applying the international solidarity it trumpets to the Haitians who are arriving in the thousands, in search of a better life.

BRAZIL: Miracle Mileage from a Hobbled Economy

Suape Industrial Port Complex in the Northeast is in a process of constant expansion.  / Mario Osava/IPS

Analysis by Mario Osava RIO DE JANEIRO, Jan 4 (IPS) – In 2011, Brazil’s economy grew by less than half the 7.5 percent it attained in 2010. However, this result would be miraculous in any other country with the barriers to productivity and competitiveness that prevail in Brazil.

RSS IBSA in the News

  • SHYAM SARAN: Lacklustre Brics play to China’s score in Delhi pact
    BusinessDay Published: 2012/04/02 It is clear that China is emerging as the pre-eminent partner in the Brics grouping THE Delhi Declaration and Action Plan adopted at the fourth Brics summit in New Delhi last week would have quickly laid to rest any residual anxiety in western capitals that a serious rival focus of power and [...]
  • Australia invites more Indian investments, collaborations
    The Hindu, 31 January 2012, With Indian corporate sector having committed heavy investments in Australia in the mining, mineral and other sectors, bilateral trade is likely to touch Rs.2-lakh crore (Australian $40 billion) in the next three years from Rs.1.10-lakh crore (Australian $22 billion). In an effort to attract Indian investments further, the Australian Trade [...]
  • Indian tourists to SA rise by over 100% – minister
    City Press, South Africa, 31 January 2012, The number of Indian tourists travelling to South Africa increased by over 122% between 2005 and 2010, says Tourism Minister Marthinus van Schalkwyk. “South Africa is continuing to attract Indian tourists in great numbers, with 67 039 Indian tourists travelling to South Africa between January and September 2011, [...]

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