Origin
After the failed Cancún Conference of the World Trade Organisation (WTO), developing countries felt the need to strengthen their cooperation in trade, investment and economic diplomacy. The leaders of three regional goliaths spearheaded a new approach for South-South cooperation at the 2003 UN General Assembly Forum, resulting in a trilateral India-Brazil-South Africa agreement. The term, South-South cooperation signifies the cooperation between India (South Asia), Brazil (South America) and South Africa. The Declaration at the trilateral meeting in Brasilia, called for removing protectionist policies and trade distorting practices by improving the multilateral trade system.
On 6 June 2003, Yashwant Sinha (External affairs minister of India), Celso Amorim (Foreign minister of Brazil) and Nkosazana Dlamini-Zuma (Foreign minister of South Africa) met in Brasilia, where the IBSA Dialogue forum was formalized through the adoption of the "Brasilia Declaration". The IBSA Dialogue forum facilitates regular consultations at senior officials level, government (summit) levels as well as amongst academics, intellectuals and other members of the civil society. By some experts, it is also seen as an endeavor to challenge the international system by Pivotal Middle Powers through peaceful convincing, instead of other means.
Read more about this topic: IBSA Dialogue Forum
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