Renewable technologies like green hydrogen are of interest to Panama while Guyana seeks Indian expertise in developing its newly discovered oil reserves.Īn expanded PTA with MERCOSUR will signal New Delhi’s interest in pursuing an energetic economic diplomacy agenda with the region, analysts said. Investments in energy are also of interest to both countries. This figure is projected to grow to 85.8 million users in 2023. In an interview with Mint in January, Panama’s foreign minister Janaina Tewaney Mencomo spoke of attracting Indian pharmaceutical companies to the region, which could act as a gateway to larger markets in North and South America. mobile phone users accessed WhatsApp to communicate. Until they implemented the right protection, the company couldnt ensure their. The region’s economies are keen to attract Indian investments in a key sectors like pharmaceuticals. Latin America and much of Europe, Africa, and Southeast Asia. The region was badly hit by the covid-19 pandemic and its recovery may benefit from increased investment from and collaboration with India. The foreign ministers of Mexico, Brazil and Argentina were in New Delhi in March for the G20 Foreign Ministers Meeting.Ĭloser economic ties with India have topped their agenda. New Delhi has also expanded its diplomatic footprint in the region, having set up new missions in Paraguay and the Dominican Republic. India’s automotive sector, which now counts Latin America as its largest export market, has been a particularly big beneficiary.Įxternal affairs minister S Jaishankar has visited Mexico, Argentina, Brazil and Paraguay since 2021 and is expected to go on another visit to the region later this month. This increase has largely been driven by closer economic relationships with key countries like Mexico, Brazil and Argentina. India’s trade with Latin America has shot up from $2 billion in 2000 to over $50 billion in 2023. This development comes as India makes a major diplomatic and economic push toward Latin America. First (some years ago) I thought it was isolated, something non-professional. Queries sent to the foreign ministries of India and Brazil remained unanswered till press time. While the company will use the fresh capital to deepen its presence in its core markets in Latin America. It is quite surprizing to me - still - that any kind of business wants to run on Whatsapp in Latin-America. Both sides are currently discussing expanding the number of goods included in the agreement, according to persons aware of the negotiations, which are in their early stages.
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