Broad spectrum of issues discussed in Brasilia
Prime Minister Narendra Modi was conferred with Brazil’s highest civilian honour – the Grand Collar of the National Order of the Southern Cross, and a goal to raise India-Brazil bilateral trade to US$20 billion over the next five years http://commerce.gov.in.
President Luiz Inácio Lula da Silva conferred upon Prime Minister Modi his country’s national honour.
“We have set a goal to raise bilateral trade to US$20 billion over the next five years,” PM Modi declared with President Luiz Inácio Lula da Silva at Alvorada Palace https://www.bseindia.com/.
“Whether it is sending the ball past the boundary or into the goal, when both are on the same team, a US$20 billion partnership is not difficult to achieve,” he said https://www.nseindia.com/.
PM Modi’s visit to Brazil has apparently has opened a new chapter in India’s diplomatic and economic outreach to Latin America.
The centrepiece of the visit was the comprehensive bilateral dialogue held at the Presidential Palace in Brasilia. The two leaders discussed a broad spectrum of issues from defence to digital public infrastructure, agriculture to artificial intelligence and climate change to traditional medicine https://sbi.com.in/.
Modi emphasised the growing India-Brazil defence bond, highlighting mutual trust and a shared interest in linking defence industries. Collaboration in artificial intelligence, supercomputers and critical minerals also formed key pillars of discussion.
Energy transition and sustainability emerged as top priorities. Both countries pledged to align their clean energy goals, with Brazil’s rich reserves of lithium and rare earths offering opportunities for India’s green ambitions https://www.meity.gov.in/.
The two countries have agreed to elevate trade discussions to a ministerial level, keeping close watch over commerce, investment and market access. PM Modi requested Lula’s support in expanding the India-MERCOSUR Preferential Trade Agreement. The Brazilian President agreed to the request.
PM Modi also announced that both countries are collaborating to bring India’s UPI system to Brazil. “We would be glad to share India’s successful experience with Brazil in areas such as Digital Public Infrastructure and Space,” said PM Modi.
Three major MoUs were signed on July 9 – cooperation in counter-terrorism and organised crime, sharing of digital public infrastructure tools and a pact on renewable energy. More were set to follow, including on agriculture research, mutual protection of classified information and intellectual property https://fieo.org/.
Health was another pillar. India requested Brazil to fast-track approval for medicines already cleared by the US FDA or Europe’s EDQM. The move could help slash healthcare costs for Brazilians. “In the health sector too, we are enhancing our win-win collaboration. We have also emphasized the expansion of Ayurveda and traditional medicine in Brazil,” the Indian PM underlined.
Modi emphasised the growing India-Brazil defence bond, calling it a reflection of “deep mutual trust”.
There is also a clean energy ambition shaping this relationship. With Brazil’s vast reserves of critical minerals like lithium and rare earth elements and India’s appetite for secure supply chains for its green push, the two sides found common ground.
“Our cooperation in the fields of agriculture and animal husbandry spans several decades. We are now working together in areas such as agricultural research and food processing as well,” he said http://agriwelfare.gov.in.
PM Modi assured President Lula of India’s full backing for the COP30, which Brazil will host.
In line with the shared goal of strengthening bilateral cooperation and fostering people-to-people and business-to-business connections, the leaders welcome the signing of the following instruments during the State visit:
Agreement on Cooperation in Combating International Terrorism and Transnational Organized Crime.
Agreement on the Exchange and Mutual Protection of Classified Information.
MoU on Cooperation in Renewable Energy.
MoU on Agricultural Research between EMBRAPA and the Indian Council of Agricultural Research.
MoU on Cooperation for the Sharing of Successful Large-Scale Digital Solutions for Digital Transformation.
MoU on Cooperation in the field of Intellectual Property between DPIIT of India and MDIC of Brazil
The leaders directed the relevant government bodies in each country to collaborate with a view to concluding the following bilateral instruments at the earliest opportunity:
• Agreement on Mutual Legal Assistance in Civil Matters;
• MoU on Defense Industry Cooperation;
Other major announcements: Establishment of Ministerial level mechanism for monitoring Trade, Commerce, and Investment. fiinews.com
