Home »

Brazil and South Africa Hit Hard by Exchange Rate Complications

Fishing boats in Cape Town harbour, South Africa, with Table Mountain as backdrop. Credit: Servaas van den Bosch/IPS

By Ravi Kanth Devarakonda GENEVA, Mar 30 (IPS) – Brazil and South Africa have experienced a widespread contraction of their manufacturing industries, with the latter suffering massive unemployment as well, thanks to the rampant volatility and misalignment of dominant global currencies like the dollar, trade experts from the two countries say.

South Africa No Longer the Gateway to the Continent

Rail networks in Africa remain underdeveloped only 10 percent of transport goes via rail. A train crossing the Namib Desert on its way from the Namibian port of Walvis Bay to the uranium rich Erongo Region. Credit: Servaas van den Bosch/IPS

By Servaas van den Bosch JOHANNESBURG, Mar 29 (IPS) – South Africa’s membership of the bloc of leading emerging economies and its unique position in Africa heralded the country’s role as a gateway into the African continent. However, trade experts question whether it can live up to this position as investors begin to increasingly look [...]

Tale of Two Approaches – the WTO Torn Asunder?

By Ravi Kanth Devarakonda GENEVA, Mar 24 (IPS) – Trade envoys of India, Brazil, and South Africa have warned industrialised countries not to hijack the Doha multilateral trade negotiations by adopting the controversial plurilateral approach to liberalise trade in services.

Tale of Two Approaches – the WTO Torn Asunder?

By Ravi Kanth Devarakonda GENEVA, Mar 24 (IPS) – Trade envoys of India, Brazil, and South Africa have warned industrialised countries not to hijack the Doha multilateral trade negotiations by adopting the controversial plurilateral approach to liberalise trade in services.

India Affirms Role as Developing World’s Pharmacy

India’s generic pharmaceutical industry meets 70 percent of domestic demand and exports 11 billion dollars worth of generic drugs annually. / Kristin Palitza/IPS

By Ranjit Devraj NEW DELHI, Mar. 19 (IPS) – By allowing a generic manufacturer to produce a patented cancer drug at a fraction of its current cost, India has declared that it is not about to abandon its role as the ‘pharmacy of the world’s poor’.

EUROPE-INDIA: Trade Deal Threatens ‘Pharmacy of the Developing World’

Rally against the India-EU FTA by HIV positive people in New Delhi. Mudit Mathur/IPS

By Bari Bates BRUSSELS, Feb 14 (IPS) – Behind closed doors, a trade deal affecting a fifth of the world’s population has been quietly in the works for years.

Global South Needs New Path of Development

By Ravi Kanth Devarakonda GENEVA, Nov 17 (IPS) – The convergence of leading countries from the global South – China, India, Brazil and South Africa, among others – to assist the poorest countries in sub-Saharan Africa and elsewhere constitutes a new “dynamic” in the emerging global economic partnerships, says the United Nations Conference on Trade [...]

SOUTH AFRICA: No Political Will to Support Generic Medication

Patented drugs limit patients access to public health care.  / Kristin Palitza/IPS

By Kristin Palitza CAPE TOWN, Nov 17 (IPS) – South African health experts are calling on governments to use legally available mechanisms to promote the production or import of generic drugs in their countries.

Africa’s Free Trade Zone: A Pie in the Sky?

Manufacturing_KPalitza2

By Kristin Palitza CAPE TOWN, Nov 4 (IPS) – African heads of state have ambitious plans to create a free trade zone, encompassing 26 countries and more than 600 million people on the continent. But economic experts warn the project is a bold step that comes with a plethora of legal, administrative and political hurdles. [...]

IBSA: In Conflict with the EU

105676-20111101

By Ravi Kanth Deverakonda GENEVA, Nov 1 (IPS) – When the G20 leaders meet for their fifth summit in Cannes, France, on Thursday, they will be confronted with several worsening global economic and trade issues. Among them is how to strengthen the international trading system and how to overcome the developmental deficit that continues to [...]

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, [...]

© 2013 IBSA news and media portal – India, Brazil and South Africa. All Rights Reserved. Log in

- Designed by Gabfire Themes -->