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China Keen to Reverse Negative Image in Africa

Chinese construction workers in front of new 90-million dollar five start hotel.  / Claire Ngozo/IPS

By Kristin Palitza CAPE TOWN, May 24 (IPS) – The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants.

Caribbean Courts Mexico as Ally in the G20

By Peter Richards BRIDGETOWN, Barbados, May 22 (IPS) – The Caribbean Community bloc (Caricom) is lobbying Mexico to use its influence as chair of the G20, which controls 90 percent of world trade, to promote the interests of the Caribbean and other small island developing states when it meets in June.

Laos’ Herculean Effort to Join the WTO

By Isolda Agazzi GENEVA, Apr 30 (IPS) – After almost a decade of major economic transformation, the Lao People’s Democratic Republic is on the brink of World Trade Organisation (WTO) membership.

Kenya "Becoming Economic Heartbeat of Africa"

About 60 percent of Kenya’s power is hydroelectric, however, the supply is unsteady.  / Isaiah Esipisu/IPS

By Isaiah Esipisu NAIROBI, Apr 25 (IPS) – When Kenya’s newly announced geothermal power generation project comes online, it will turn the East African country into an economic powerhouse in the region.

Intra-African Trade or Global Integration: A Chicken-and-Egg Dilemma?

Rail networks in Africa remain under-developed, proving a major obstacle to intra-continental trade.  / Servaas van den Bosch/IPS

By Isolda Agazzi GENEVA, Apr 23 (IPS) – Though the World Trade Organisation (WTO) has long held that trade between African countries is too low, experts at the South Centre, an inter-governmental think tank of developing countries, say intra-continental trade is already significant in manufactured goods and promises a new path to industrialisation.

Rising Inequality Could be Asia’s Undoing

Donghyun Park, lead author of the ADB’s 2012 Asian Development Outlook, launched the report at Lowy Institute for International Policy, Sydney / Neena Bhandari/IPS

By Neena Bhandari SYDNEY, Apr 11 (IPS) – While developing Asian countries have experienced robust growth – lifting living standards and reducing poverty – increasing wealth is fuelling income disparities and inequality, posing a major threat to the region’s stability, warns the Asian Development Bank (ADB)’s flagship report released Wednesday.

Trading Their Way Out of Trouble

By Zofeen Ebrahim KARACHI, Apr 6 (IPS) – Azhar Karimjee (52), an exporter based in Karachi, is eyeing the "huge market", comprised of the Indian middle class, for his Bermuda and cargo shorts and chino pants once trade links open between Pakistan and India.

The Battle over Development-Led Globalisation

By Ravi Kanth Deverakonda GENEVA, Apr 6 (IPS) – Industrialised countries have mounted an unprecedented campaign to stop the United Nations Conference on Trade and Development from providing policy advice to the poorest countries in Africa and across the globe.

South Africa Looking to Make the Most of BRICS Membership

By Louise Redvers JOHANNESBURG, Apr 3 (IPS) – South Africa needs to stop agonising over whether it deserves to be in BRICS and start focusing on making the most of its membership to leverage better trade deals.

BRICS Ministers Say New Trade Narrative Sinks Development

The G20 is not representative of the WTO because the poorest countries have no say in setting the trade agenda. / Kim Cloete/IPS

By Ravi Kanth Devarakonda GENEVA, Apr 2 (IPS) – Trade ministers of the BRICS countries – Brazil, Russia, China, India and South Africa – say that at the G20 trade ministerial summit later this month in Mexico they will try to ensure that attempts by industrialised countries to frame a new trade agenda do not [...]

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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