South-South cooperation

Brazil-Cape Verde shipping line to generate business worth $50m

Rio de Janeiro: The shipping line between Brazil and Cape Verde, which is due to be launched this week, is expected to generate business worth US$50 million in the first year of operations, said the executive secretary of the Ceará Chamber of Foreign Trade, Roberto Marinho. According to Marinho, the main aim of opening up the new shipping line is to turn Cabo Verde into a platform for selling Brazilian products and services in Africa, making use of the business facilities on the West African archipelago.

Turkey attends maiden AfDB board meeting

Nairobi: On December 3, Turkey participated in its maiden African Development Bank (AfDB) board meeting, a symbolic step of the country’s increased focus on the continent. Turkey’s application to officially join the AfDB was approved in 2008 and the country has since been meeting membership requirements. The country will now have a say in the disbursement of AfDB’s billions to African countries for development. “It is especially timely to join AfDB as Turkey enters a new phase of deepening its engagement with Africa,” said Mr Hau Sing Tse, an executive director who represents Canada, China, Korea, Kuwait and Turkey on the bank’s board.

South-South trade continues to increase, UNCTAD data reveals

Geneva: World merchandise exports have more than tripled over the last two decades and reached US$18.3 billion (in current prices) in 2012, with a quarter of that trade comprising exports among developing countries – so-called South-South trade — which reached a record $4.7bn, according to the UNCTAD Handbook of Statistics 2013. Total developing economies’ exports now account for 45% of the world total, with half of the increase in global exports between 1995 and 2012 accounted for by developing countries. The share of South-South trade in total world exports has doubled over the last 20 years, to over 25%. Fuels and manufactured goods now account for roughly 25% and 58% of South-South trade, respectively.

BNDES opens in Johannesburg to boost Brazil’s presence in Africa

Rio de Janeiro: Brazil’s development bank BNDES has opened its third international location to help drum up business for Brazilian companies in Africa beyond the Portuguese-speaking countries. The Johannesburg location follows offices in Montevideo and London, both opened in 2009. “The goal here is to increase the overall portfolio and diversify as well,” said Sergio Foldes, deputy managing director at the bank’s international division in Rio de Janeiro. Beyond the Portuguese-speaking Mozambique and Angola “there are other markets where Brazilian companies can have very good opportunities, and where we can be of great help to them.”

Salman Khurshid: Re-imagining the global order

Delhi:  This issue really brings me to the concept of a discourse on Southern donors, a concept or a description that we contest because this emerged from the constructs of North-South engagement. But the fact is that there has been a perceptible escalation of development assistance, aid, soft loans, flowing from developing countries to other developing countries as indeed we do.

The India-Brazil-South Africa Forum a decade on: mismatched partners or the rise of the south?

Oxford:  Groupings between countries from the South have evolved greatly over the past fifty years. In the 1960s, coalitions and voting blocs like the Non Alignment Movement and the G77, gathered the majority of countries defining themselves as from ‘the South’ and placed themselves in opposition to ‘the North’. By the 2000s, they evolved into more selective mini-lateral groupings comprising mainly of rising powers from the South. The birth of the IBSA Dialogue Forum bringing together India-Brazil-South Africa in 2003 and the BRICS forum in 2008 are some of the most important of these initiatives. Policymakers in these emerging states prefer to join or create mini-lateral selective groupings as they consider the bigger inclusive groupings like the G77 to be less productive and the emerging states to have similar global aspirations.

Great Lakes: international aid must be more effective, says ACP-EU Assembly

Addis Ababa: The international community must continue to provide substantial, coordinated and more effective aid to people affected by the atrocities of war in the Great Lakes region, in particular in the Democratic Republic of Congo (DRC), said MEPs and MPs from the African, Caribbean and Pacific (ACP) in Addis Ababa on 27 November. The ACP-EU Joint Parliamentary Assembly (JPA) also held debates during their 26th session this week on cooperation between the EU and the African Union, the fight against female genital mutilation and new rules on development financing. The Assembly passed resolutions on Wednesday on South-South cooperation and triangular cooperation (South-South cooperation with the support of a country in the North; on respect for the rule of law and the role of an impartial and independent judiciary; and on the impact of pastoralism in ACP countries.

India closing relations deficit with West Africa: Khurshid

New Delhi:  India is looking for greater engagement with West Africa to balance its historically robust with the eastern and southern parts of the continent, External Affairs Minister Salman Khurshid said Wednesday. "Wherever you want to engage, there should be no problem in saying that you were close to one earlier, and now you want to go closer to the other. We should always be balanced," Khurshid told IANS with reference to India-Africa relations.

Africa Arab summit: Kuwait declaration, resolutions, Palestine communique

Kuwait City:  Leaders of African and Arab countries who are meeting in the 3rd Africa Arab summit in Kuwait have adopted the following documents: the Kuwait Declaration, eight resolutions and the communique of the third Africa Arab summit on Palestine.

Brazil, Angola outline strategies for AP-CPLP

Luanda:  The Parliament of Brazil has pledged readiness to assist Angola with the leadership of the Parliamentary Assembly of the Portuguese Speaking Countries Community (AP- CPLP ) and move trade relations between the two states forward. This was stated Wednesday in Luanda by Brazilian Congresswoman, Janete Rocha Pieta, who stressed her country's readiness, as "brothers " to create a strategic bridge leading to the development of the community.


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