Indian Prime Minister Manmohan Singh and Brazilian President Luiz Inacio Lula Da Silva began talks yesterday in New Delhi to enhance strategic and business ties between two of the world's largest emerging economies, officials said.
The leaders held discussions at Hyderabad House in the Indian capital to boost trade ties and cooperation on issues such as global trade, climate change, energy and expansion of the UN Security Council.
"With both countries now being part of the trillion-dollar-economy club, the talks would focus on promoting cooperation in trade and investment between the economic powerhouses," an Indian Foreign Ministry official said, requesting anonymity.
Quadrupling bilateral trade to US$10 billion by 2010 from the current US$2.41 billion a year and promoting Brazilian investment in India's infrastructure would be the thrust areas of Lula's economic diplomacy in India.
The new economic synergy is being worked out with the launch of an India-Brazil CEOs forum. The aim of the forum is to identify business opportunities and areas of investment.
A number of agreements to improve economic, energy and cultural cooperation are expected to be signed after the talks between Singh and Lula, local news outlets reported.
The IANS?news agency reported that the Indian side is likely to seek the support of Brazil, a member of the 45-nation Nuclear Suppliers Group (NSG) for civil nuclear cooperation.
Last year, during Singh's visit to Brasilia, Lula acknowledged India's growing need for energy, but hinted that Brazil would take a stand in the NSG only after the India and US finalize their civil nuclear agreement.
The talks in New Delhi assume significance as they come ahead of the G8 summit in Germany, where India and Brazil will participate as outreach partners.
India and Brazil were expected to firm up cooperation on global issues including climate change and multilateral trade talks, which are on the G8 agenda.
Singh and Lula will also discuss the efforts by the?G4 group -- comprising of Germany, Japan, Brazil and India.
Lula, heading a 100-member strong delegation comprising top business leaders, ministers and officials, arrived for a three-day India visit on Sunday.
He is to leave for Morocco today for a two-day visit.
The Central Weather Administration (CWA) yesterday said it expected to issue a sea warning for Typhoon Fung-Wong tomorrow, which it said would possibly make landfall near central Taiwan. As of 2am yesterday, Fung-Wong was about 1,760km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, moving west-northwest at 26kph. It is forecast to reach Luzon in the northern Philippines by tomorrow, the CWA said. After entering the South China Sea, Typhoon Fung-Wong is likely to turn northward toward Taiwan, CWA forecaster Chang Chun-yao (張峻堯) said, adding that it would likely make landfall near central Taiwan. The CWA expects to issue a land
Taiwan’s exports soared to an all-time high of US$61.8 billion last month, surging 49.7 percent from a year earlier, as the global frenzy for artificial intelligence (AI) applications and new consumer electronics powered shipments of high-tech goods, the Ministry of Finance said yesterday. It was the first time exports had exceeded the US$60 billion mark, fueled by the global boom in AI development that has significantly boosted Taiwanese companies across the international supply chain, Department of Statistics Director-General Beatrice Tsai (蔡美娜) told a media briefing. “There is a consensus among major AI players that the upcycle is still in its early stage,”
The Central Weather Administration (CWA) yesterday said it is expected to issue a sea warning for Typhoon Fung-wong this afternoon and a land warning tomorrow. As of 1pm, the storm was about 1,070km southeast of Oluanpi (鵝鑾鼻), Taiwan’s southernmost point, and was moving west-northwest at 28 to 32kph, according to CWA data. The storm had a radius of 250km, with maximum sustained winds of 173kph and gusts reaching 209kph, the CWA added. The storm is forecast to pass near Luzon in the Philippines before entering the South China Sea and potentially turning northward toward Taiwan, the CWA said. CWA forecaster Chang Chun-yao (張峻堯) said
PREPARATION: Ferry lines and flights were canceled ahead of only the second storm to hit the nation in November, while many areas canceled classes and work Authorities yesterday evacuated more than 3,000 people ahead of approaching Tropical Storm Fung-wong, which is expected to make landfall between Kaohsiung and Pingtung County this evening. Fung-wong was yesterday morning downgraded from a typhoon to a tropical storm as it approached the nation’s southwest coast, the Central Weather Administration (CWA) said, as it issued a land alert for the storm. The alert applies to residents in Tainan, Kaohsiung, Pingtung and Taitung counties, and the Hengchun Peninsula (恆春). As of press time last night, Taichung, Tainan, Kaohsiung, and Yilan, Miaoli, Changhua, Yunlin, Pingtung and Penghu counties, as well as Chiayi city and county had
RSS