BRAZILIAN FOREIGN MINISTER MEETS ARUN JAITLEY
Date : 20 Oct 2003
Location : New Delhi
Mr. Celso Amorim, Minister of External Relations of Brazil, met Shri Arun Jaitley, Minister of Commerce & Industry and Law & Justice, here this afternoon. They exchanged views on both bilateral and multilateral trade matters, specially in the context of the post-Cancun scenario. Both the Ministers underlined the need for multilateral trade negotiations to resume at an early date in Geneva so that the process could move forward.
The two Ministers also discussed bilateral trade issues including the two-way flow of foreign direct investment and participation of enterprises from both the sides in the economic development of the two countries. Shri Jaitley highlighted the scope for Brazilian construction companies to invest in the infrastructure sector in India, while Mr.Amorim responded by pointing to the tremendous investment opportunities for Indian companies in the pharmaceutical sector in Brazil.
Last week, the South African Trade Minister Alec Erwin accompanied by an official delegation, was in New Delhi and had discussions with Commerce Secretary Shri Dipak Chatterjee on multilateral and bilateral trade issues. While in Beijing recently, Shri Jaitley also had discussions with his Chinese counterpart on trade issues.