Business · Trade · 1 hr ago
India and Brazil expect trade to reach $20 billion as cooperation expands
Brazil’s ambassador says trade with India could soon reach $20 billion as the two countries expand their economic ties.
India is Brazil’s fifth-largest trading partner, and the countries are negotiating to expand their trade agreement through MERCOSUR, a South American trade bloc.
Their cooperation also covers critical minerals, defence, energy and artificial intelligence.
The countries recently agreed to connect their efforts on rare earths and critical minerals, and have launched a broad digital partnership.
Indian companies have invested $10 billion in Brazil, while Brazilian companies, including aerospace firm Embraer, are expanding in India.
The partnership matters to both countries as they build ties in areas the ambassador described as important to future competitiveness and resilience.
The countries are approaching 80 years of diplomatic relations, and Brazil plans to bring celebrations for musician Tom Jobim’s 100th birth anniversary to India in 2027.
Brazil’s ambassador to India said bilateral trade is expected to soon reach USD 20 billion as cooperation expands across several sectors.
Kenneth Felix Haczynski da Nobrega said India and Brazil had agreed to connect their efforts on rare earths and critical minerals.
He also cited new partnerships in pharmaceutical research and innovation and a broad digital partnership.
The ambassador said negotiations to expand the India-MERCOSUR trade agreement had made concrete progress.
- Who
- India and Brazil, represented in the remarks by Brazil’s ambassador to India, Kenneth Felix Haczynski da Nobrega.
- What
- The countries expect bilateral trade to soon reach USD 20 billion and are expanding cooperation.
- When
- The remarks were made on Friday at an event celebrating Brazil’s National Day.
- Where
- New Delhi.
- Why
- The ambassador cited political commitment, growing business ties and expanding cooperation across strategic and economic sectors.
This story does not have two clearly opposing sides.
India and Brazil exchanged more than 150 business and technology missions.
Indian Prime Minister Narendra Modi made a state visit to Brazil.
Brazilian President Luiz Inacio Lula da Silva made a state visit to India.
Brazil’s ambassador to India spoke at an event celebrating Brazil’s National Day.
Brazil plans to extend to India celebrations of the 100th birth anniversary of Tom Jobim.
- Expected bilateral trade
- USD 20 billion
- India’s rank among Brazil’s trading partners
- Fifth-largest
- Indian investment in Brazil
- USD 10 billion
- Business and technology missions
- More than 150 exchanged over the past three years
- Upcoming diplomatic milestone
- 80th anniversary of India-Brazil diplomatic relations
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What people are saying
Political vision and business dynamism are converging to take Brazil-India relations to a new level.
Just recently, we agreed to connect our efforts on rare earths and critical minerals. We also built new partnerships in pharmaceutical research and innovation, and launched a broad digital partnership.
In those uncertain years and in this uncertain world we are living in, trust is not just an asset; it is a strategic advantage.