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Amorim begins visit with trade talks

Brazilian Forgeign Minister Celso Amorim started his three-day visit to India with a meeting with the Indian Minister of Commerce and Industry Kamal Nath.

business Updated: Apr 11, 2007 21:23 IST

Brazilian Forgeign Minister Celso Amorim started his three-day visit to India with a meeting with the Indian Minister of Commerce and Industry Kamal Nath ahead of the G4 and G6 meetings on Thursday.

Amorim, who is also Brazil’s chief trade negotiator, held extensive discussions with his Indian counterpart on how to revive the Doha Round negotiations, Brazilian embassy officials said.

The G4 (comprising India, Brazil, the US and the EU) and the G6 (G4 plus Japan and Australia) are meeting in Delhi on Thursday. The meeting is being billed as a last-ditch attempt to reach an agreement to successfully complete the Doha Round, which has been stalled primarily due to disagreement over agricultural subsidies by rich countries and market access for non-agricultural goods by developing countries.

Amorim will also co-chair the Indo-Brazil Joint Commission with Kamal Nath on Friday. According to the Ministry of External Affairs, a host of bilateral issues including agriculture, energy and science and technology will figures in the talks.

The meeting will also prepare the ground for a visit by Brazilian President Luiz Inacio Lula da Silva to India in mid-2007, according to Brazilian embassy officials.

India and Brazil have been forging a closer relationship bilaterally as well as in IBSA and at multilateral forums like the WTO. Brazil is India’s largest trading partner in Latin America, with bilateral trade standing at roughly $2.5bn in 2006.