No image available
/ 16 October 2007
Leaders of South Africa, Brazil and India meet this week to bolster an alliance that is challenging the United States and Europe for access to resources in the developing world and influence on the global stage. The three leaders have joined forces to ease the reliance of Asia, Latin America and Africa on trade with northern-hemisphere economies.
South African President Thabo Mbeki said on Sunday his government may cut tariffs on some imported equipment and goods in a bid to boost the manufacturing sector. Mbeki said a healthier manufacturing sector was critical to the government’s efforts to narrow the country’s trade deficit.