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India, Chile Signs Economic,and Defence Agreement


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The Big question being is in how will this effect the United States?






India, Chile signs framework agreement for economic cooperation

17.32 IST 20th Jan 2005


By IndiaExpress Bureau


Marking a new dimension in their ties, India and Chile today signed a framework agreement for economic cooperation and agreed to explore prospects for stepping up cooperation in defence, agriculture, forestry, mining and education.


The framework agreement, signed in the presence of Prime Minister Manmohan Singh and visiting Chilean President Ricardo Lagos in New Delhi, will be followed up by a PTA by this year. The two sides will then firm up a comprehensive economic cooperation pact.


Singh and Lagos held extensive parleys on regional and international issues of mutual interest and noted that there was understanding and similarity on views on many current issues, a joint statement issued here said.


The two sides inked a Memorandum of Understanding between the Indian Council of Agricultural Research and the Chilean Agricultural Research Institute and another MoU on Sanitary and Phytosanitary issues between the two agriculture ministries.


Lagos, on a five-day State visit, met President A P J Abdul Kalam and External Affairs Minister K Natwar Singh.


Chile has shown interest in purchase of advanced light helicopters and defence items from India. The Chilean defence minister is expected to visit India in April this year.


New Delhi attaches considerable significance to its relations with Chile, which has expressed support to India for permanent membership of the UN Security Council.

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India, China to push for place at G7 high table




London, February 5 | 17:47 IST




Finance chiefs from the biggest developing economies will on Saturday push the Group of Seven (G7) industrialised nations for a seat at the high table of global economic making.


Finance Ministers from India, Brazil and South Africa have been invited to a breakfast meeting G7 ministers in London.

The invitations are an acknowledgement of a shift in the world economic order and the constraints confronting the G7.


"I think the G7 recognises that there are important economies outside the G7 which are likely to emerge as economic powerhouses in the next 10 to 20 years," Finance Minister Palaniappan Chidambaram told Reuters.


The G7 -- the United States, Japan, Germany, Italy, France, Britain and Canada -- accounts for 14 per cent of the world's population but two-thirds of its wealth.

Brazilian Finance Minister Antonio Palocci on Friday said Brazil, India and China will ask the G7 finance ministers to include them as permanent participants in the meetings on the international economy, not merely as special guests.


Growing fiscal strain pressure in industrialised nations from ageing populations and failure to address global imbalances has led to calls to expand or overhaul the elite club of rich nations.




The meteoric rise of China in the past two decades as an economic and financial behemoth has changed the face of global manufacturing and its cheap exports created massive current account deficits in many western nations, particularly the United States.


China has come under heavy US pressure to revalue the yuan as US manufacturers say the Chinese currency is artificially cheap and this saps US jobs and exports.


China will make its second appearance at the G7 meeting.

Analysts say the growing economic influence of Brazil, Russia, India and China, dubbed as BRICs by investment bank Goldman Sachs, reflect current global economic realities.


Chidambaram said India will articulate the problems facing the G20 group of countries at the meeting.

"We would articulate the G20's point of view. G20 wants market access, wants developed countries to abide by their obligations under the WTO."

The G20 accounts for around two-thirds of world population and 90 per cent of world gross domestic product.


The Indian Finance Minister also added that the G20 wants a discussion on capital flows, particularly hedge funds.

"These are some of the issues that we will try to highlight at the discussions," he said.


Developing nations complain that agricultural subsidies doled out by rich nations and their protectionist measures shut out exports from poor nations.


Negotiations for a global trade deal has hit a stumbling block over the central problem of farm trade reform and the future of subsidies given by rich nations.

Deep differences persist on the issue between the North and South, and between the United States and the European Union



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  • 4 weeks later...
Guest Human

The problem with Insulza is that his principle backer is the President of Venezuela "President Chavez", and we all know "whether you are democrat or republican" that Insulza's policy WILL BE HOSTILE towards the UNited States.


-For those who don't understand how this will effect the United States I will put it to you simply, it will mean greater ties that Latin America will have with the middle east, more civil wars in the region, and an immigration problem that will dwarf what you all are seeing now. That is the straight talk.





Hardbeatnews, NEW YORK, N.Y., Fri. Mar. 4, 2005: José Miguel Insulza, the Chilean Vice President and Minister of the Interior and a candidate for the post of Secretary-General of the Organization of American States, will speak on his plan for the organization next Wednesday in New York.


The event, presented by officials of the Council Of The Americas, is set for Wednesday, March 9, from 8:30 to 9:30 a.m. at 680 Park Avenue in Manhattan.


Insulza, who along with his country’s leader, Ricardo Lagos, is vigorously lobbying the 13-member Caricom Community for their votes to make the dream a reality, has said he wants to strengthen democratic institutions and push for greater coordination among the OAS, multilateral institutions and the private sector while managing multidimensional security issues such as terrorism, AIDS, and organized crime.


The 56-year-old father of three children is a lawyer and a graduate of the University of Chile and Master of Arts in Political Science, where he had also served as a professor up to 1973. Insulza faces competition from the U.S.-backed candidate, former El Salvador President, Francisco Flores and the Mexican candidate, Foreign Secretary, Luis Ernesto Derbez Bautista. No date has so far been set for the OAS election but the lobbying continues picking up pace.

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Guest Human

It is said in politics "that politics makes for strange bed fellows", and in this case it's True. For me as a Mexican American, I want to see a stable Latin America, and for the African American community if they let the democrats continue to support Insulza, it means a diminishing of Political Power for your group.

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