More Trade With South America

Latin American Countries (LAC) have reiterated their resolve to enhance trade and investment ties between the two regions.

Information technology, chemicals, pharmaceuticals, engineering products, textile, transport and healthcare equipment are the main areas identified for greater interaction at the Mercosur Economic Summit 2000 at Rio de Janeiro, Brazil.

During a series of discussions, minister of state for commerce and industry Omar Abdullah held with the leaders and officials of LAC, countries of this region also expressed their keenness to have an institutional mechanism of trade facilitation and a continuing dialogue on issues relating to the World Trade Organisation. The Indian government and the private sector have drawn up focussed programmes for interaction with the Latin America, said Abdullah.