All Posts (45)

Economic Developments - November 2016

At a mega business event on 12-15 September, President Mauricio Macri conveyed the message that Argentina is a country that can be trusted. Projects have been announced, inter alia for exploration and extraction of gold, silver, copper and lithium. Incentives include a 30-year fiscal stability agreement, free transfer of profits, a single exchange system, elimination of the state’s export monopoly and free import of capital goods. Latin America’s third-largest economy, with a gross…
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Focus India-LAC - November 2016

On the sidelines of the BRICS Summit in Goa, PM Modi had a bilateral meeting with President Michel Temer of Brazil. Both reasserted their interest in permanent membership of the UN Security Council. President Temer reportedly conveyed Brazil’s ‘understanding’ for India’s case at the Nuclear Suppliers Group. At the plenary meeting in Seoul in June, Brazil supported India but wanted a "non-discriminatory process", not country-specific admission. 
 
Four MOUs…
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Economic Developments - September 2016

The  Economic Survey of Latin America and the Caribbean 2016, of the UN Economic Commission for Latin America and the Caribbean, released on 26 July predicted that LAC will undergo a -0.8 percent contraction in its growth rate in 2016, a steeper decline than the 0.5 percent in 2015 (www.cepal.org). The economies expected to contract are: Venezuela (-8.0%), Suriname (-4.0%), Brazil (-3.5%), Trinidad and Tobago (-2.5%), Ecuador (-2.5%) and Argentina…
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Political Developments - September 2016

Brazil’s President Ms Dilma Rousseff was formally removed from office on 31 August. The Senate, after an impeachment trial, voted 61-20 against her. A second vote did not render her ineligible for public office for 8 years, seen as a partial victory for her defence. On 29 August, in a 14 hour appearance before mostly hostile Senators, in an impassioned defence, she criticised the ‘parliamentary coup’ and illegitimacy of the process, with several the Senators judging her either being…
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Focus India-LAC - September 2016

Ms Delcy Rodriguez, Foreign Minister of Venezuela visited Delhi and met External Affairs Minsiter Ms Sushma Swaraj to hand over the invitation to the XVII NAM Summit being held in Venezuela on 17-18 September, 2016. She was accompanied by the Venezuelan Minister of Petroleum, Mr Eulogio del Pino who met Minister of Petroleum and Natural Gas, Mr Dharmendra Pradhan.


The Indian side reiterated its long-standing proposal for an oil-for-export mechanism for payment of pending dues…

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About the Author

Ambassador Deepak Bhojwani joined the Indian Foreign Service (IFS) in 1978. He retired in February 2012. During his career, he was accredited as Ambassador in seven Latin American countries, resident in Colombia, Venezuela and Cuba, concurrent in Ecuador, Costa Rica, Cuba and the Dominican Republic, and was Consul General in Sao Paulo. He served abroad in three Continents – Asia (Indonesia and Malaysia), Europe (Spain and Czech Republic) and Latin America.

In the Ministry of External Affairs, he served in the Divisions dealing with Administration; West Asia and North Africa; US and Canada; and had a brief stint at the United Nations.

Ambassador Bhojwani also served as Private Secretary to the Prime Minister of India, Mr P.V.Narasimha Rao for two years from 1994 to 1996, and as Special Assistant to the Minister of State for External Affairs and for Science and Technology, Mr K.R.Narayanan, from 1985 till 1988.

He writes extensively on Latin America and its relations with India. He has written a book published in 2015 titled ‘Latin America, the Caribbean and India: Promise and Challenge’.

He is currently a Consultant for Latin America and the Caribbean through his firm LATINDIA (www.latindia.in)

Ambassador Bhojwani also serves as Independent Director on the Board of Bharat Petroleum Corporation Ltd., one of the largest state oil and gas companies of India.

Since January 2017 he has been Country Manager and Director, Magotteaux Industries Pvt. Ltd.

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