Latin America has the ability to play an important role in the economic and political transformation for India. Trade, energy and geopolitical relations are key areas for strategic cooperation between the two regions.
Eight Indian companies—OVL, Reliance Industries, Essar Oil, BPCL, Oil India, Videocon Industries, Assam Company, and Indian Oil Corporation—are part of 12 joint ventures in Venezuela, Brazil, Colombia, Ecuador, Cuba, and Peru.
Today and tomorrow, Indian External Affairs Minister S.M. Krishna will host the foreign ministers of Chile and Venezuela, Alfredo Moreno Charme and Nicolas Maduro, and the deputy minister of Cuba in New Delhi, Rogelio Sierra.
Top stories this week are likely to include: India-CELAC dialogue; Jamaica marks its independence; impact of the Antamina spill; Repsol to meet with Venezuela on YPF; and responses to Petrobras’ poor quarterly release.
Visiting Latin America this week, India’s Minister of State for Commerce and Industry Jyotiraditya Scindia called for deepening India’s engagement with Latin America.
Brazil may be at odds with Washington when it comes to sanctions against Iran, but Brazil and the U.S. are in agreement when it comes to the Chines currency.
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