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Zuma, Manmohan promise new era of trade ties

AFP, New Delhi
South African President Jacob Zuma, on his first state visit to Asia, said it was time to take trade ties with India to a "higher level" after talks yesterday with Prime Minister Manmohan Singh.
Accompanied by what he described as the largest South African business delegation to visit any country, Zuma said the two leaders had held fruitful discussions on a host of "critical strategic issues."
As well as boosting trade, the talks covered reform of the UN Security Council, closer cooperation on climate change and the global economy.
Trade between the two countries currently stands at 7.5 billion dollars annually but Zuma said he wanted that to grow to 10 billion dollars by 2012.
"We need to take our relations to a higher level," the president said.
Together with Brazil, India and South Africa have formed an informal grouping of emerging market nations, pushing for a stronger voice in international institutions such as the IMF and the United Nations.
"We believe we cannot continue to be governed by rules and regulations drawn up in the early ormidl940s," Zuma said.
"The world has changed. We need to change," he added.
Manmohan told reporters that there had been a general agreement to focus on the expansion of bilateral economic, trade and investment ties.
"Our economies have come of age," the prime minister said.
Zuma's visit comes amid reports that Indian mobile phone group Reliance Communications is considering a possible merger with South Africa's MTN, Africa's largest cellular firm.
The Economic Times newspaper said Reliance wanted to generate equity to fund its move into the third-generation mobile phone market, licences for which were sold last week at an Indian government auction.
India and South Africa have historic ties dating back to the 1860s.
The father of the Indian independence movement, Mahatma Gandhi, lived in South Africa and formed his ideas of non-violent struggle there before returning home to lead the fight against British rule.
India was a leading supporter of the antiapartheid movement and broke off diplomatic ties with the all-white regime in South Africa as early as 1946.