New Delhi
The Economic Times (Bangalore edition)
Reflecting their growing economic ties, India, Brazil and South Africa (IBSA) have set an ambitious trade target of $15 billion between the three countries by 2010. “We have established a target of $15 billion in intra-IBSA trade by 2010,” said Pranab Mukherjee, external affairs minister, inaugurating the second IBSA editors’ forum.
Mukherjee noted that economic and commercial relations among IBSA nations are flourishing and investments in all three directions are on the upswing. “IBSA is now recognised as a grouping with enormous potential for political, economic and people-to-people co-operation,” he said. IBSA countries have taken rapid strides in building on synergies and forging trilateral linkages in a number of areas including health, agriculture, education, transport, energy, science and technology and IT, the minister said.
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