Question

64. G-3 a group of three countries
constituted for trade promotion with
political motives in 2003, which is known
as :
(A) I.B.S.A.
(B) I.D.B.I.
(C) I.C.I.C.I.
(D) G.A.T.T.​

Answer 1

I.B.S.A. is the trade promotion constituted by G-3 countries in 2003

Explanation:

• IBSA is a specific forum that brings together India, Brazil and South Africa, three major democracies and three major economies from three continents, facing common challenges.
• The grouping was formalized and called the IBSA Dialog Forum when the three countries ' foreign ministers convened in Brasilia on 6 June 2003 and issued the Brasilia Declaration.
• The forum offers a venue for the three countries to participate in discussions on cooperation in the fields of agriculture, commerce, culture, and security among others.