At the upcoming Brazil, Russia, India, China and South Africa (BRICS) summit, to be held on the tropical Chinese island of Hainan Apr. 14, discussion will focus not only on deepening economic ties among members, but will also likely touch on global political events, including the crisis in the Middle East and North Africa. But China insists the club has no political agenda.
"IBSA what?" is the question you most often get in Geneva when enquiring about the India-Brazil-South Africa (IBSA) dialogue forum, established in 2003 between these three multicultural democracies and emerging markets "to contribute to the construction of a new international architecture".
As India prepares to seal a sweeping trade and investment deal with the European Union (EU) in April, civil society groups are campaigning to limit the agreement's repercussions within the local generic drug industry here upon which millions of people around the globe depend.
The IBSA Dialogue Forum, a South-South alliance of India, Brazil and South Africa, could be better suited to the needs of Southern Africa for South-South cooperation than the BRICS (Brazil-Russia-India-China-South Africa) loose alliance of emerging economies. But Southern Africa will have to beef up its markets to truly benefit.
India cannot match China’s massive investments in Africa, but it is using its information technology capabilities and its affordable university courses to stay relevant on the continent.
As it projects its political and economic power in Asia - and vigorously pushes its longstanding claims for a permanent seat in the United Nations Security Council - India is also steadily strengthening its military might in the sprawling continent.
Companies from Brazil and India -- whose bilateral trade flow rose nearly threefold in the last three years -- are starting to diversify and complement their business dealings in order to strengthen the two emerging powers' economic presence in the world, in a kind of new two-way "route to the Indies".
India has found backing at this week's India-Brazil-South Africa (IBSA) ministers meeting for its stance that a no-fly zone over Libya must follow multilateral consultations.