New Delhi: Emphasising closer South-South relationship, India, Brazil and South Africa today (Mar 5, 2004) suggested creation of a Trilateral Business Council (TBC), which will concretise and set in new dynamism to business cooperation in the three countries aiming for a Free Trade Agreement.

"Trade between the third world has been more rhetorical. It is now becoming a reality. We have a lot to learn from each other in political, economic, cultural and social fields," Brazilian Foreign Minister Celso Amorim said.

"Creation of a TBC will lead to further concretising relations as business enterprises can play a very important role in bringing countries together," he said.

Addressing a FICCI (Federation of Indian Chambers of Commerce and Industry) meeting, he said Brazil attached tremendous importance to the G-3 whose force should not be underestimated and added that while there were gaps in their relationship earlier, they were now together attempting to change the economic geography of the world.

Echoing similar views, South African Foreign Minister Nkosazana Dlamini-Zuma said there was a need to work together in IBSA (India Brazil South Africa) and that while Governments can only create environment, businesses had to come forward to make it work.

"We can act together in trying to integrate our continents which are least developed with largest number of poor, and develop together to change the face of the world," she said.

External Affairs Minister Yashwant Sinha said there was a need to create awareness about each other's potential among the business community and added that Governments were working together to improve connectivity and linkages.