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Brazil for closer coop among developing nations
Tuesday, January 27 2004 15:39 Hrs (IST)

New Delhi: Giving a clarion call to improve the world's "economic geography", Brazil said today (Jan 27, 2004) that the developing nations must work in close coordination to take on the developed countries, and sought to deepen ties with India on all fronts, including trade, politics and culture.

"We had already proved at Cancun that we want to improve the economic geography of earth, if we know how to work together. We have to believe in ourselves, otherwise we'll keep crying at WTO (World Trade Organisation) trying to reduce subsidies," President of Brazil Luiz Inacio Lula Da Silva said.

"They (developed nations) will come to us if they know we have new business options," he added.

Lula asserted the current century would belong to India, China, Mexico, Russia, South Africa and Brazil.

The people of these countries should draw strength from and build on the example of the way the G-20 alliance thwarted the attempt of developed nations to push their agenda at WTO ministerial meeting at Cancun.

Taking a dig at developed nations, he said, "Only obstacles put forth by US (United States) and EU (European Union), two large trade blocks, obliged the developing countries to fight them out at multilateral fora."

Lula, who was addressing a joint CII-FICCI (Confederation of Indian Industries-Federation of Indian Chambers of Commerce and Industry) business meet, sought to enhance ties with India in trade, science and technology, culture, and multilateral fora while stressing on the need for an air-link between Sao Paulo-Johannesburg-Mumbai.

Commerce Minister Arun Jaitley said there was need to enhance bilateral trade, which had remained at $ 1.2 billion.

PTI








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