Brazilian dream turns sour for many Chinese investors

Sao Paulo: For Chinese investors, Brazil is no longer the promised land.  After making a big push into the South American giant in search of raw materials such as iron ore, as well as a promising market for their consumer goods, Chinese executives have grown frustrated with stagnant economic growth, heavy costs and what they see as a political and popular backlash against their presence. As a result, Chinese investment is falling and as much as two-thirds of the roughly US$70 billion in projects announced since 2007 is either on hold or has been cancelled, according to recent studies and interviews with Chinese and Brazilian officials.

G-15 calls for heightened south-south cooperation

New York:  The G-15 foreign ministers, meeting on the sidelines of the General Assembly, renewed their commitment for enhanced engagement and cooperation among themselves, as well as with the relevant Geneva-based institutions. Their primary focus was on newly emerging areas of cooperation in step with the evolving post-2015 development agenda. The Group agreed to expand cooperation in four new thematic areas – information communication technology, intellectual property, migration for development and renewable energy.

Brazil-India Joint Commission: political, economic, scientific, technological and cultural cooperation

Brasilia:  Co-chaired by H.E. Mr. Luiz Alberto Figueiredo Machado, Minister of External Relations of the Federative Republic of Brazil, and H.E. Mr. Salman Khurshid, External Affairs Minister of Republic of India, the Sixth Brazil-India Joint Commission Meeting was held in Brasilia on 14 and 15 October, 2013.

India, Brazil to devise internet regulations

Rio de Janerio: Brazil and India will work together to devise internet regulations in order to protect online privacy from snooping by other countries. The partnership was announced in Brazilian capital Brasilia Tuesday, after a meeting between foreign ministers of Brazil and India, Luiz Alberto Figueiredo and Salman Khurshid, reported Xinhua. "This is a matter of great concern to all democracies," Khurshid said.

At UN debate, Brazilian President urges protection of internet users

New York:  In her speech to the General Assembly’s high-level debate (Tuesday), the President of Brazil, Dilma Roussef, urged the United Nations to play a leading role in protecting Internet users from illegal interception of communications and data, and decried recent allegations of electronic information spying as “serious violations of human rights”. Meddling in such a manner in the lives and affairs of other countries is a breach of international law and as such it is an affront to the principles that should otherwise govern relations among countries, especially among friendly nations,” Ms. Roussef said in reference to allegations that the information had been illegally gathered on the activities of the Brazilian Government.

China, Brazil vow to boost BRICS cooperation

St Petersburg:  Chinese President Xi Jinping and his Brazilian counterpart Dilma Rousseff pledged here on Thursday to boost solidarity and cooperation between BRICS countries.  China and Brazil, both emerging economies and members of the BRICS group, should strengthen communication and coordination to oppose trade protectionism, safeguard the common interests of the emerging markets and continue to contribute to global growth, Xi said when meeting with Rousseff ahead of the Group of 20 summit in the Russian city of St. Petersburg.

Brazilian foreign minister resigns, heads to UN

Brasilia:  Brazilian Foreign Minister Antonio Patriota resigned on Monday after one of his diplomats acknowledged that he had helped a Bolivian senator, who had been accused of corruption, cross the border into Brazil. President Dilma Rousseff accepted Patriota's resignation but appointed him as Brazil's envoy to the United Nations, her office said in a statement. The current Brazilian UN ambassador, Luiz Alberto Figueiredo, will become foreign minister. A career diplomat, Figueiredo was Brazil's lead negotiator in climate change talks until his appointment to the United Nations a year ago.

India's National Security Advisor: on cyberspace issues

Vladivostok:  Cyberspace is today the fifth domain of human activity, in addition to land, sea, air and outer space. During the last two decades, the Internet has grown exponentially in its reach and scope. Equally, our dependence upon cyberspace for social, economic, governance, and security functions has also grown exponentially. Unfettered access to information through a global inter-connected Internet empowers individuals and governments, and it poses new challenges to the privacy of individuals and to the capability of Governments and administrators of cyberspace tasked to prevent its misuse.  Our task is complicated by the unique characteristics of cyberspace. These include, as we are reminded every day: its borderless nature, both geographically and functionally; anonymity and the difficulty of attribution; the fact that for the present the advantage is with offense rather than defence; and, the relatively anarchic nature of this domain.

Brazilian political reform falls into own party trap

Rio de Janeiro:  In response to the mass street protests in Brazil, President Dilma Rousseff proposed a raft of reforms of the political system which appear to be bogged down by red tape and interminable party negotiations – precisely the kind of thing the demonstrators are complaining about. After millions of young people mobilised for weeks in the country’s main cities, leftwing President Rousseff sent a request to Congress on Jul. 3 asking it to organise a plebiscite to select a list of issues that would be subsequently debated by the legislature. The issues suggested included: election campaign financing, currently based on private and public contributions; whether or not to continue the system of stand-ins for senators; rules on party coalitions for elections to the lower house and town councils; and ending secret votes in Congress.

The looming US-China rivalry over Latin America

New York:  Though the U.S. and Chinese presidents heralded a "new model" of cooperation at their recent weekend summit, a growing competition looks more likely. The whirlwind of activity before President Barack Obama met with President Xi Jinping in the California desert revealed that Beijing and Washington's sights are set on a similar prize - and face differing challenges to attain it. Their focus is Latin America and the prize is increased trade and investment opportunities in a region where economic reforms have pulled millions out of poverty and into the middle class. Latin America is rich in the commodities and energy that both China and the United States need, largely stable politically and eager to do deals.


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