. Energy News .




.
TRADE WARS
Brazil's Rousseff to attend BRICS summit in India
by Staff Writers
Brasilia (AFP) March 22, 2012


Brazilian President Dilma Rousseff plans to travel to India next week for a summit of emerging powers and separate talks with Indian leaders on defense and bilateral trade, officials said Thursday.

The March 28 summit will bring together leaders of the BRICS (Brazil, China, India, Russia and South Africa) for talks aimed at boosting cooperation among the five nations.

Brazil, India and South Africa have been lobbying to turn their growing economic clout into greater diplomatic influence by securing permanent seats on the UN Security Council.

The New Delhi summit will be the fourth since the bloc was formed in 2009. South Africa joined in 2010.

On March 29, Rousseff is to begin an official visit for talks with Indian leaders that will focus on the French Rafale fighter jet, which India has selected for its air force and which Brasilia is considering purchasing.

"The exchange of ideas, impressions" on the Rafale "is certainly beneficial for us," Maria Edileuza Fonteneles Reis, a senior foreign ministry official, told reporters.

"India and Brazil plan to modernize their fighter aircraft fleet and build nuclear-powered submarines," she noted.

For its air force, Brazil is expected to choose between the Rafale, made by French firm Dassault; the F/A-18 Super Hornet, manufactured by US aviation giant Boeing; and Swedish manufacturer Saab's Gripen jet.

The contract for 36 aircraft is valued between $4 billion and $7 billion.

Analysts and government sources said India's selection of the Rafale could influence Brazil's choice.

Defense Minister Celso Amorim visited India in February, when the two countries discussed prospects for a "technical military accord."

Amorim has said Brasilia may make its decision on the contract in the first half of this year. Last year, Brazil delayed a decision on the purchase following a major budget cut.

Rousseff also plans to commit to boosting bilateral trade between Brazil and India from $9.2 billion last year to $15 billion by 2015, Reis said.

The two countries have developed closer ties since the creation of the IBSA (India-Brazil-South Africa) forum, launched in 2003 to boost South-South cooperation ties.

The five BRICS members now account for roughly 18 percent of the world's GDP, 40 percent of its population, 15 percent of global trade and hold 40 percent of global currency reserves.

They say they are united in their quest for a multipolar world order, including greater clout in international financial institutions such as the IMF.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Hermes bags record profits with luxury goods despite crisis
Paris (AFP) March 22, 2012
Hermes is the latest luxury products group to show that economic crises can have silver linings, announcing record sales and profits on Thursday. Hermes, a symbol of French chic in accessories such as handbags and silk scarves, reported a record year in 2011 with a 40.9-percent rise in net profit. It also said it would line the purses of shareholders with a bumper, but one-off, dividend. ... read more


TRADE WARS
Calif. jail part of 'microgrid' project

Iberdrola awards $400M in smart grid buys

Australia lagging in carbon cuts

Is there a future in the US for renewables without federal incentives?

TRADE WARS
Vietnam, China in new spat over fishermen detentions

Troubled Nigeria's oil output under threat

Study finds room to store CO2 underground

Lower Poland shale gas reserves estimated

TRADE WARS
Engineers enlist weather model to optimize offshore wind plan

Significantly Higher Potential for Wind Energy in India than Previously Estimated

NOAA science supports New York's offshore energy planning

AREVA delivers M5000 turbines for Trianel's Borkum wind farm

TRADE WARS
China criticizes solar panel tariffs

Obama blames Congress for failed solar firm

Eco Environments helps Olympic legacy project to soar

LADWP's Adelanto Solar Plant Marks Major Construction Milestone

TRADE WARS
Concern over offline Calif. nuclear plant

Nuclear power only option despite Fukushima: industry

S. Koreans face punishment over nuclear plant power cut

Westinghouse Completes Fabrication Of Fuel Assemblies For Sanmen 1

TRADE WARS
Barrels of Biofuel Flowing from Success at Louisiana Facility

Cobalt and the Naval Air Warfare Center Team Up to Produce a Renewable Jet Fuel From Bio N-Butanol

Mendel Biotechnology and BP Biofuels to Conduct Demonstration Field Trial of PowerCane Miscanthus

Solar, Wind, and Biofuels Markets Rise 31 Percent Despite Ongoing Economic Turbulence

TRADE WARS
China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

TRADE WARS
2001-2010 warmest decade on record: WMO

Why spring is blooming marvelous (and climate change makes it earlier)

Scientists use rare mineral to correlate past climate events in Europe, Antarctica

Study Links Past Changes in Monsoon to Major Shifts in Indian Civilizations


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement