India-Latin America and the Caribbean Conclave begins in New Delhi

Caracas.- The IX The India-Latin America and Caribbean economic conclave began this Thursday in the city of New Delhi, and was attended by delegations from Venezuela, Cuba, Mexico and Chile, among others.

Indian Foreign Minister Subrahmanyam Jaishankar delivered the opening address of the forum, which was attended by Venezuelan Vice President Delcy Rodríguez, among other representatives from Latin America and the Caribbean.

“Since Prime Minister (Narendra) Modi took office (2014), our relations with Latin America and the Caribbean have taken a new direction,” said the foreign minister.

According to official figures, trade between the two regions has totaled around $50 billion over the past 12 months.

Jaishankar stressed that India exports to Brazil in the region of $10 billion, “almost double what we actually export to Japan.”

“Likewise, our exports to Mexico exceed $5 billion, which is actually more than our exports to Canada,” he said.

“Today it is safe to say that the current investment by Indian companies in this region is around US$15 billion and this also reflects the great interest of Indian companies in the region,” noted the minister.

In statements before the start of the meeting, Vice President Rodríguez said she would offer Indian businessmen present at the conclave “the great investment opportunities of Venezuela and look at our country’s export offer”.

With information from Telesurtv.

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