{"id":54333,"date":"2020-01-25T16:43:00","date_gmt":"2020-01-25T11:13:00","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?p=54333"},"modified":"2020-02-26T16:44:53","modified_gmt":"2020-02-26T11:14:53","slug":"7-pm-the-final-frontier-bolsonaros-republic-day-visit-should-spur-strategic-bilateral-ties-and-open-doors-to-latin-america25th-january-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/7-pm-the-final-frontier-bolsonaros-republic-day-visit-should-spur-strategic-bilateral-ties-and-open-doors-to-latin-america25th-january-2020\/","title":{"rendered":"7 PM |The final frontier: Bolsonaro\u2019s Republic Day visit should spur strategic bilateral ties and open doors to Latin America|25th January 2020"},"content":{"rendered":"\n<p><strong>Context:\n<\/strong>India-Brazil\nRelations.<\/p>\n\n\n\n<p><strong>More\nin news:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>President Jair Bolsonaro to be the chief\nguest in&nbsp;Republic Day&nbsp;celebrations of&nbsp;2020.<\/li><\/ul>\n\n\n\n<p><strong>India\n&#8211; Brazil Relations:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>India and Brazil share a very close and\nmultifaceted relationship at bilateral level as well as in plurilateral fora\nsuch as BRICS, BASIC, G-20, G-4, IBSA, International Solar Alliance, Biofuture\nPlatform and in the larger multilateral bodies such as the UN, WTO, UNESCO and\nWIPO. <\/li><li>The bilateral strategic partnership,\nwhich has opened a new phase for India-Brazil relations in 2006, is based on a\ncommon global vision, shared democratic values, and a commitment to foster\neconomic growth with social inclusion for the welfare of the people of both\ncountries.<\/li><li><strong>Historical\nRelations: <\/strong>One could roughly divide the history of sovereign\nrelations between Brazil and India into two periods: from 1947 until the 1980s,\nand from the 1990s onward. <\/li><li>The\nfirst period was dominated by a set of ambivalent forces. On the one hand, the\nneed to effectively challenge an international system hostile to &#8220;southern&#8221;\nindustrialization brought emphasis to the so-called south-south dialogue. On\nthe other hand, dependency on the &#8220;north&#8221; for transference of\ntechnology and financial assets, did not allowed significant commercial and\ntechnological exchanges among southern nations. <\/li><li>Perhaps\nmore important, the dominant geopolitical scenario of the&nbsp;cold\nwar&nbsp;threw Brazil and India into opposite camps: Brazil in the U.S. bloc,\nand India in the Soviet bloc.&nbsp;<\/li><li>The\nfirst period of India\u2013Brazil relations was essentially characterized by efforts\nat joining multilateral organizations, such as the G-77 (The Group of 77 at\nthe&nbsp;United Nations), UNCTAD (United Nations&nbsp;Conference on Trade and\nDevelopment), and GATT (General Agreement on Tariffs and Trade), whereby the\ntwo giant nations provided leadership to developing and underdeveloped\ncountries in their common struggle to bring fairness to trade and economic\nrelations with the rich &#8220;north.&#8221;&nbsp;<\/li><li>From\nthe 1970s onward, when environmental and nuclear issues became prominent in\ninternational affairs, Brazil and India worked closely to prevent international\ninterference in their forest and biodiversity assets and to defend their right\nto pursue their own nuclear and space programs. <\/li><li>Their\ntimid steps in bilateral relations included the signing of general framework\nagreements on commerce (1968), culture (1968),&nbsp;nuclear energy&nbsp;(1968),\nscience and technology (1985), and the prevention of double taxation (1988),\nwith minimal impact on trade.&nbsp;<\/li><li>A new\nphase of sovereign relations between Brazil and India had begun after 1991,\nwithin an international arena freed from the dichotomies of the&nbsp;cold war&nbsp;and\nmarked by the intensification of the process of globalization, which compelled\ndeveloping countries to adopt more liberal economic postures.<\/li><li>The\nprocesses of economic liberalization in India and Brazil, which started\npractically at the same time in 1991, combine policies suited to an\nincreasingly integrated global economy with the mobilization of civil society,\ncalling for good governance and decentralization.<\/li><li><strong>Commercial\nRelations:&nbsp;<\/strong><\/li><li>Brazil\nis one of the most important trading partners of India in the entire LAC (Latin\nAmerica and Caribbean) region. <\/li><li>India-Brazil\nbilateral trade has increased substantially in the last two decades. However,\nthe global drop in commodity prices and the economic recession in Brazil\nstarted in 2015 affected Brazil\u2019s overall trade. <\/li><li>Consequently,\nthe negative impact was felt in bilateral trade as well when it came down to\nUSD 7.9 billion and USD 5.64 billion in years 2015 and 2016 respectively. <\/li><li>However,\nwith slight recovery in Brazilian economy in year 2018, the bilateral trade\nbetween India and Brazil rose to USD 7.57 billion. <\/li><li>Indian\nexports to Brazil and imports from Brazil stood at US$ 3.66 billion and US$\n3.91 billion respectively with India having a trade deficit of USD 0.246\nbillion. <\/li><li>In\n2018, India was the 11th biggest exporter to Brazil and 10th biggest importer\nfrom Brazil.<\/li><li><strong>Defence:<\/strong><\/li><li>India\nand Brazil signed an agreement in 2003 for defence cooperation which was\nratified by Brazil in 2006. <\/li><li>Joint\nDefence Committee (JDC) meetings are held as an institutionalized mechanism for\ndefence cooperation. <\/li><li>The\n6th JDC meeting was held in February 2019 in Brasilia. Both countries have\nexpanded the areas of engagement in defence sector over the past few years.<\/li><li><strong>Cultural\nRelations:<\/strong>&nbsp;<\/li><li>In\nBrazil, there is enormous interest in India\u2019s culture, religion, performing\narts and philosophy. The first forms of Indian Culture to reach Brazil were\nrelated to spirituality, philosophy and religion.<\/li><li>Brazil\nhas a strong community of Yoga and Ayurveda practitioners. The Brazilian\nAssociation of Ayurveda (ABRA) is a non-profit association with offices in 9\nstates of Brazil and has members all over Brazil.<\/li><li><strong>UNSC\nReform: <\/strong>An\naggressive campaign to democratize the&nbsp;Security Council&nbsp;of the United\nNations and persuade world leaders of their legitimate claims to permanent\nseats prompted Brazil and India in 2004 to constitute, along with two other\ncandidates (Germany and Japan), a core group aiming at reform of the&nbsp;Security\nCouncil. <\/li><li><strong>&#8220;South-South&#8221;\nCooperation: <\/strong>There are two significant platforms to strengthen\nsouth-south cooperation.<\/li><li>The\nfirst was the creation in 2003 of G-3 (The Group of 3) or <strong>IBSA<\/strong> (The India, Brazil,&nbsp;South Africa&nbsp;Dialogue Forum), a\nforum to promote dialogue between three of the major developing economies\n(Brazil, India, and&nbsp;South Africa) to enhance trilateral cooperation across\nthree continents. <\/li><li>The\nsecond was the signing in 2004 of a framework agreement on trade between India\nand all partners of the <strong>Mercosur<\/strong>\n(Common Market of&nbsp;the South; Brazil, Argentina, Paraguay, and Uruguay),\nwhich sets the principles for the adoption of preferential tariffs among the\nparties.<\/li><\/ul>\n\n\n\n<p><strong>Possibilities\nof strengthening relations during recent visit:<\/strong><\/p>\n\n\n\n<p>India and Brazil\nare expected to sign 20 various agreements across defence, energy, agriculture,\nhealthcare and minerals. Among them,the major ones are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Strategic\nAction Plan: <\/strong>India and Brazil will upgrade their strategic\npartnership with a strategic action plan.The Action Plan will serve as an\numbrella agreement to increase defence cooperation, technology sharing and a\nlogistics agreement.<\/li><li><strong>Bilateral\ninvestment treaty: <\/strong>The two countries are also expected to\nsign a Bilateral Investment Treaty which will be the first revised one that\nIndia will sign with any country since 2015.<\/li><li><strong>Social\nSecurity Agreement(SSA): <\/strong>The two countries will also exchange a\nSocial Security Agreement (SSA) first signed in March 2017.It will allow\ninvestments in each other\u2019s pension funds to help business processes and\nencourage the flow of investment.<\/li><\/ul>\n\n\n\n<p><strong>Conclusion:<\/strong><\/p>\n\n\n\n<p>India and Brazil\nare the emerging nations that hold similar principles on democracy, human\nrights, global governance and liberal strategies. They are partners on the\nbasis of trade relations and have a lot to learn from each other. With their\nuniting stance on various multilateral and plurilateral forums, the two\ncountries are considered to be important for the creation of a new world order.\nBoth the countries have huge potential to grow bilaterally. However, they\nrequire aggressive political will to strengthen their association.<strong>Source: <\/strong><a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/toi-edit-page\/the-final-frontier-bolsonaros-republic-day-visit-should-spur-strategic-bilateral-ties-and-open-doors-to-latin-america\/\">https:\/\/timesofindia.indiatimes.com\/blogs\/toi-edit-page\/the-final-frontier-bolsonaros-republic-day-visit-should-spur-strategic-bilateral-ties-and-open-doors-to-latin-america\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Context: India-Brazil Relations. More in news: President Jair Bolsonaro to be the chief guest in&nbsp;Republic Day&nbsp;celebrations of&nbsp;2020. India &#8211; Brazil Relations: India and Brazil share a very close and multifaceted relationship at bilateral level as well as in plurilateral fora such as BRICS, BASIC, G-20, G-4, IBSA, International Solar Alliance, Biofuture Platform and in the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/7-pm-the-final-frontier-bolsonaros-republic-day-visit-should-spur-strategic-bilateral-ties-and-open-doors-to-latin-america25th-january-2020\/\">Continue reading <span class=\"screen-reader-text\">7 PM |The final frontier: Bolsonaro\u2019s Republic Day visit should spur strategic bilateral ties and open doors to Latin America|25th January 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[130,955],"tags":[],"class_list":["post-54333","post","type-post","status-publish","format-standard","hentry","category-7-pm","category-7-pm-brief-infograph","entry"],"jetpack_featured_media_url":"","views":{"total":70,"cached_at":""},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=54333"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54333\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=54333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=54333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=54333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}