News: Brazil, India agree to share energy technology
(RTR 13/09/2006) Brasilia, Brazil - The leaders of Brazil and India - two of the world's leading emerging markets - agreed on Tuesday to share technology for deep-water oil exploration and developing alternative energy sources.
Brazil's President Luiz Inacio Lula da Silva and India's Prime Minister Manmohan Singh also said they hoped for a successful conclusion to the WTO's Doha round of talks on reaching a global trade pact, which collapsed in July.
The two men signed a host of accords in areas from trade to security in a move to deepen their bilateral relationship.
Both countries are members of what economists call the BRIC group of top developing economies, which also includes China and Russia. They have also led the G20 group of developing nations in the Doha round.
Under the accords, they formed a joint biofuel committee to look at more efficient and cheaper energy sources, especially biofuels. Brazil is a world leader in both areas.
They made no specific mention of cooperating on nuclear technology, although India needs Brazil's support to gain access to US civilian nuclear technology.
In March, US President George W Bush agreed to allow India to access nuclear power technology even though India has not signed an international nonproliferation treaty and knows how to make nuclear bombs. The deal must be approved by the US Congress and also the Nuclear Suppliers Group of 45 nations led by Brazil.
Singh said both countries were united in their desire for the Doha Round to reach a successful conclusion.
Talks stalled in July as rich and poor nations failed to close ground on cutting domestic farm subsidies and opening up market access. At a meeting in Rio de Janeiro last weekend, top officials from the G20, Europe, Japan and the United States agreed to resume the talks but set no date.
Singh, who was accompanied by about 50 businessmen, will meet South Africa's President Thabo Mbeki in Brasilia on Wednesday at the first summit of the recently formed India-Brazil-South Africa alliance.
India is the world's largest democracy and Brazil the fourth largest.
Brazil's President Luiz Inacio Lula da Silva and India's Prime Minister Manmohan Singh also said they hoped for a successful conclusion to the WTO's Doha round of talks on reaching a global trade pact, which collapsed in July.
The two men signed a host of accords in areas from trade to security in a move to deepen their bilateral relationship.
Both countries are members of what economists call the BRIC group of top developing economies, which also includes China and Russia. They have also led the G20 group of developing nations in the Doha round.
Under the accords, they formed a joint biofuel committee to look at more efficient and cheaper energy sources, especially biofuels. Brazil is a world leader in both areas.
They made no specific mention of cooperating on nuclear technology, although India needs Brazil's support to gain access to US civilian nuclear technology.
In March, US President George W Bush agreed to allow India to access nuclear power technology even though India has not signed an international nonproliferation treaty and knows how to make nuclear bombs. The deal must be approved by the US Congress and also the Nuclear Suppliers Group of 45 nations led by Brazil.
Singh said both countries were united in their desire for the Doha Round to reach a successful conclusion.
Talks stalled in July as rich and poor nations failed to close ground on cutting domestic farm subsidies and opening up market access. At a meeting in Rio de Janeiro last weekend, top officials from the G20, Europe, Japan and the United States agreed to resume the talks but set no date.
Singh, who was accompanied by about 50 businessmen, will meet South Africa's President Thabo Mbeki in Brasilia on Wednesday at the first summit of the recently formed India-Brazil-South Africa alliance.
India is the world's largest democracy and Brazil the fourth largest.
posted by InCar Group Press Room at 14:26
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