Ministerial-Level-Mechanism to facilitate B2B engagement
A Ministerial-Level Mechanism on Trade, Commerce, and Investment Cooperation, which will serve as a strategic platform to regularly monitor progress, accelerate initiatives, and resolve trade issues proactively between India and Brazil, was welcomed by FIEO https://www.commerce.gov.in/.
“This mechanism will facilitate stronger business-to-business engagement, institutional partnerships, and alignment of trade policies between the two countries,” said President S C Ralhan, welcoming Prime Minister Narendra Modi’s State Visit to Brazil on 8 July https://fieo.org/.
President Luiz Inácio Lula da Silva and Prime Minister Modi have set a broader goal to raise bilateral trade to US$20 billion over the next five years.
The landmark visit marks a pivotal moment in strengthening the India–Brazil partnership, particularly in trade, commerce and strategic collaboration, stated Ralhan, also welcoming the decision to set up Minister-Level Mechanism between the two countries https://www.nseindia.com/.
“FIEO sees this development as a timely and necessary step towards enhancing transparency, coordination, and predictability in trade relations, and addressing the challenges faced by Indian exporters and investors in the Latin American region,” he said.
Emphasis was placed on diversifying and expanding the trade basket, with a focus on key complementary sectors including agriculture and agri-tech, biofuels, renewable energy, oil & gas, information technology, pharmaceuticals, space, and defence manufacturing, he observed.
India and Brazil—two leading economies of the Global South and influential BRICS members—share a common vision for inclusive and sustainable development https://www.bseindia.com/.
FIEO has urged both the governments to collaborate on eliminating non-tariff barriers and creating a more enabling environment for trade.
“Encouraging two-way investments, especially in infrastructure, clean energy, fintech, and food processing, alongside greater cooperation in SME and start-up ecosystems, will be essential for boosting bilateral trade. Special attention must be given to innovation, digital transformation, and capacity building,” Ralhan underlined https://sbi.com.in/.
Trade facilitation measures, such as mutual recognition of standards and enhanced customs cooperation, must also be prioritized to streamline cross-border operations, he added.
Ralhan emphasized that the Prime Minister’s visit reflects India’s strategic intent to expand economic engagement with Latin America. Brazil, with its robust economy and growing consumer base, is a vital partner for Indian exporters across sectors—from automobiles and chemicals to electronics and agricultural machinery.
The creation of a ministerial mechanism inspires confidence that policy and operational challenges will now receive focused attention, he underscored https://www.ibef.org/.
FIEO calls upon the Indian business community to seize the opportunities arising from this visit and to forge long-term partnerships in Brazil. With its dynamic market, thriving innovation ecosystem, and openness to Indian products and technology, Brazil presents significant potential for expansion.
“FIEO stands ready to work closely with both governments and relevant trade bodies to ensure the successful implementation of this visit’s outcomes, and to support Indian exporters in navigating and growing their footprint in the Brazilian market,” he said. fiinews.com
