The three IBSA countries today hold an important role in the world system. IBSA Business Forum was created to leverage the strong economic potential of IBSA member countries in enhancing business opportunities.
The Business Forum focuses on various economy sectors, including - healthcare & pharmaceuticals, agriculture & agro-processing, mining & infrastructure, energy & climate change, financial & business services. The Forum’s ultimate objective is to further IBSA Cooperation at Multilateral Forums and deepen South-South Cooperation.
The last IBSA Business Forum (5th in the series), held in Pretoria on 17 October 2011, gave a new impetus to the scale of commercial progress between India, Brazil and South Africa. Both the business seminar and the parallel working groups provided the appropriate environment to discuss issues related to fostering the trilateral business partnership between the three countries.