Why India avoids the criticism levelled at China over trade with Latin America

India is looking for investment opportunities at the 2014 World Cup in Brazil (photo:dpa)
India is looking for investment opportunities at the 2014 World Cup in Brazil (photo:dpa)

Developing nations are starting to turn the tables on the developed world, which for so long has conducted trade with them on its own terms. India’s trade with Latin America is a prime example of the growing trade and economic cooperation within the developing world. China, too, has increased its trade with Latin America, but its motives appear to have more in common with those of developed nations, by taking what it can of Latin America’s natural resources.

INDIA’S trade with Latin America has grown rapidly in recent years. In 2001, it was worth just US$2.6 billion. In 2011, the figure had risen to US$25 billion.

A 2010 report by the Inter-Ame...

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