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SA President Zuma to Host 5th IBSA Forum |
| Source: |
BuaNews |
| Source Date: |
Wednesday, October 19, 2011 |
| Country: |
South Africa |
| Created: |
Oct 19, 2011 |
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The combined population of the three IBSA countries comprised of 1.384 billion people in 2008 with a combined average growth of 5.4%.
Apart from promoting South-South dialogue, IBSA also fosters inter-regional cooperation.
The engagement process of the IBSA countries takes place on three levels, namely: Heads of State and Government, Government-to-Government and People-to-People cooperation.
South Africa’s trade with its IBSA partners has increased significantly since the Forum’s inception. South Africa’s trade statistics for period 2007 – 2010 with fellow IBSA countries shows an increase in overall trade from R36.920 billion in 2007 to R58.133 billion in 2010.
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SA President Zuma to Host 5th IBSA Forum President Jacob Zuma will host the 5th India Brazil South Africa IBSA Heads of State and Government Dialogue Forum on Tuesday The objectives of the summit which will be preceded by an IBSA Ministerial Meeting on Monday are to promote South-South cooperation as well as trade and investment opportunities among the three countries The realisation of a trilateral alliance between India Brazil and South Africa stems from three commonalities between the three countries namely all three countries are vibrant democracies share common views on various global issues and are substantial emerging economies within their sub-regions
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