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India, Brazil set bilateral trade target of over $20 Bn in 5 years
The pact aims to reduce India's reliance on China by leveraging Brazil's vast critical mineral reserves for energy transition and industrial growth, targeting $20 billion in trade.
- Brazilian President Luiz Inacio Lula da Silva arrived and was received by Prime Minister Narendra Modi and President Droupadi Murmu with a Guard of Honour at Rashtrapati Bhavan.
- Preparations including a vice‑presidential trip and 300 businesspeople set the stage for Modi and Lula to reshape their cooperation into five priority areas, discussed last July.
- They signed multiple agreements that target climate‑resilient agriculture, precision farming, biofertilisers, critical minerals, defence cooperation, and health and pharmaceutical sectors.
- The leaders urged reform of international institutions and emphasized shared security positions while committing to deepen bilateral trade to surpass USD 20 billion in the next five years.
- Delegation‑level talks and summit participation created momentum for tech and industrial collaboration, with senior ministers highlighting opportunities in information technology, artificial intelligence, biotechnology and space.
111 Articles
111 Articles
Brazil and India signed an agreement today to strengthen cooperation in the field of critical minerals and rare earth metals.
India and Brazil agree to boost trade in critical minerals and rare earths
On February 21, Indian Prime Minister Narendra Modiheld wide-ranging talks with Brazilian President Luiz Inácio Lula da Silva, with both sides reaffirming their commitment to deepen strategic ties and expand cooperation across trade, technology, energy, and critical minerals.
Associated Press News
Brazil and India agree to boost cooperation on rare earths
Brazil and India have signed a new deal to cooperate on rare earths and other critical minerals. The agreement aims to boost investment, exploration, and mining.
The leaders of Brazil and India have signed this Saturday in New Delhi an agreement that contemplates bilateral cooperation on critical minerals in the midst of a global race for these coveted raw materials. The pact, signed between President Luiz Inácio Lula da Silva and Prime Minister Narendra Modi, during an official visit by the Brazilian, is a declaration of intent without firm commitments, but reflects the will of the two major middle powe…
India and Brazil signed an agreement on Saturday to strengthen their cooperation in the field of critical minerals and rare earths.
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