India and Brazil on Friday decided to step up efforts to push the UN reforms, particularly the Security Council and signed half a dozen agreements in areas ranging from science and biotechnology to cultural exchanges.
Leaders of the emerging world met in India on Thursday to discuss creating a new development bank, at a summit in which the bloc will seek to convert its economic might into collective diplomatic clout.
President Dilma Rousseff plans to use her New Delhi visit later this week to sound out Indian leaders on the French Rafale fighter jet, which she is considering buying to beef up Brazil's air force.
India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate at the weekend, even after top buyer China had criticised the move, which boosted global prices.
China has announced it will increase defense spending by 11.2% in 2012, for the first time taking its annual military expenditure beyond 100 billion dollars as it puts in place plans to modernize its Army against the backdrop of an uncertain regional environment.
The Brazilian subsidiary of automaker Ford has unveiled a new version of its EcoSport SUV and says it will be sold in close to 100 countries. The car was introduced Wednesday in the Brazilian capital and at the Auto Expo show in New Delhi.
The potential of India for Latinamerican exports and investment opportunities was underscored during the presentation of a report “India and Latin America and the Caribbean, opportunities and challenges in trade and investment relations” sponsored by the UN Economic Commission for Latin America and the Caribbean, ECLAC.
In an attempt to accelerate talks on a trilateral free trade agreement (FTA) , the India-Brazil-South Africa (IBSA) summit decided to hold an annual meeting of trade ministers from the three countries beginning from March next year.
China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests. Indonesia and Bangladesh are benefiting most as rising costs in China force firms to switch production, it says.
India and Uruguay signed this week a Double Taxation Avoidance Agreement (DTAA) for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital.