India has a natural interest and confluence of interests on crucial global issues with Latin American and Caribbean countries and New Delhi’s focus has been on expanding the two- way engagement in a range of areas, including trade, investment and climate change, External Affairs Minister S Jaishankar has said. In an address at an event on Wednesday, Jaishankar said the volume of India’s periodic trade with Latin America and Caribbean stands at USD 50 billion plus (one billion = 100 crore) and it’s growing further.
In an address at an event on Wednesday, Jaishankar said the volume of India’s periodic trade with Latin America and Caribbean stands at$ 50 billion plus and it’s growing further. “And just to put that in perspective, our four big trade accounts, which are the US, China, European Union and ASEAN, are nearly between 100 to 110- 115 billion bones. So, formerly Latin American and Caribbean has come up to half the position of the loftiest set of trade mates that India has,” he said.
He said there’s a natural and confluence of interests between the two sides there as there has been a heritage of working together on numerous crucial issues, according to the textbook of his speech released on Thursday by the Ministry of External Affairs (MEA).” I must also tell you, barring a many foreign ministers, I suppose I’ve the WhatsApp number of nearly everybody in Latin America and Caribbean. And indeed during Covid, presumably there wasn’t a single minister to whom I didn’t have at least one discussion,” Jaishankar said. “So I am saying that to you not to demonstrate my WhatsApp chops, but actually to tell you a moment, you know, the need for those connections, the fact that ministers take out time and speak to each other. There’s commodity shifting out there, which should be applicable,” he said. In the course of his address, Jaishankar presented a detailed account of India’s engagement with Latin American and Caribbean countries, including in areas of capacity structure, and stressed the significance New Delhi attaches to the region.
