SOUTH AMERICA: Brazil (Dialogue)

Unable to compete with China’s hefty contributions, India and Brazil see agriculture – on which two-thirds of Africa depends for its livelihood – as their comparative advantage. Both countries have had their own agricultural revolutions and are among the world’s top food producers. After South America, Africa possesses the largest share of uncultivated cropland in the world – a land ready for transformation. Here, India and Brazil are providing important input in the form of affordable services and badly-needed technical expertise. Together, their venture into Africa’s agriculture sector can reignite a primary engine for growth and prove vital to the region’s food security.
Individually, India and Brazil have leveraged their strengths in affordable low-tech and scientific research to boost Africa’s agricultural productivity. India provides what it calls Triple A – adaptable, appropriate and affordable – technologies and Brazil has launched research and food security initiatives throughout Africa. The Indian government’s increasing lines of credit – up to US$5 billion now – are driving investment, such as a US$15 million loan to develop commercial agriculture in Sierra Leone. Through Embrapa, its pioneering research institute, Brazil shares with several African countries the skills that transformed its own dry savannah into one of South America’s most fertile regions.

Shri Anand Sharma, offered to host the first annual trilateral meeting in New Delhi in early March 2012
The three nation’s trade is already close to USD 20 billion
target of 25 billion USD trade by 2015
The South African and Indian trade ministers also decided to enter into long term contracts for purchase of raw materials and commodities, and the recently opened office of MMTC in South Africa
trilateral FTA involving India SACU and MERCOSUR.

In recent years, relations between Brazil and India have grown considerably and co-operation between the two countries has been extended to such diverse areas as science and technology, pharmaceuticals and space. The two-way trade in 2007 nearly tripled to US$ 3.12 billion from US$ 1.2 billion in 2004
Global software giant, Wipro Technologies, also set up a business process outsourcing centre in Curitiba to provide shared services to AmBev, the largest brewery in Latin America
Both countries want the participation of developing countries in the UNSC permanent membership since the underlying philosophy for both of them are: UNSC should be more democratic, legitimate and representative - the G4 is a novel grouping for this realization.
The target of US$10 billion in trade was already achieved by 2007.

After three decades of planning, the environmental agency, Ibama, granted a license to the North Energy consortium for the dam, which will be the world's third largest, capable of producing 11,200 megawatts of electricity
Belo Monte dam
The $17 billion dam, which is expected to start producing electricity in 2015, would divert the Xingu River along a 62-mile stretch in Pará State.