Businessmen see potential in trade relations

Diario de Centro America

India and Latin America are seeking to strengthen their ties by celebrating an investment conclave in New Delhi and thus advance towards a historical duplication of their trade transactions during the next five years.

According to the organizers of the conclave, trade relations between India and Latin America and the Caribbean has increased at annual rate of 25% during the last decade but the level of investments between them maintained very low rates during the last 20
years.

Because of this, Indian Minister of Commerce, Nirmala Sitharaman, called to further deepen economic relations and improve investment levels which she considers are “modest and very low from their true potential”.

Business

Rakesh Bakshi, organizer of the conclave, said “we have started to walk together, now let us run together”. He also wanted “to tell the world during his address during the second inaugural session: We are ready to do business¨.

With his objective in mind, delegates from 350 Latina American countries traveled to the Indian Capital where, today, they will hold bilateral meetings with their counterparts in the Asian Giant.

The activity was attended by government authorities including Nicaraguan Minister of Commerce and Promotion of Investments, Alvaro Baltodano; Haitian Minister of Finance, Marie Carmelle Jean Marie; and Guatemalan Minister of Economy, Sergio de la Torre.

Cooperation

The Guatemalan Minister said that besides being a politician he is also a businessman and he called for creation of a Joint Committee with Government and private sector representatives in order to identify the business opportunities between the region and the
Asian Giant.

The Argentinean Secretary of Economic Relation, Carlos Bianco, highlighted that ¨It is important to take advantage of the synergies that emerge in Latin America like MERCOSUR and the Pacific Alliance with the aim of cooperating and improving the bilateral relations
with India¨.



[Source MEA]

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