Brazil, India Building Strategic Ties for a Changing World, Says Foreign Minister Mauro Vieira
· World · The Hindu
Brazilian Foreign Minister Mauro Vieira stated that Brazil and India are actively strengthening their strategic relationship during a visit to New Delhi. Bilateral trade is currently approaching $20 billion, putting the two nations well ahead of schedule to exceed their $30 billion target by 2030. Vieira praised India's BRICS presidency and emphasized that the bloc is not an anti-Western coalition. Major Brazilian firms, including Petrobras, Embraer, WEG, and Vale, are expanding their commercial footprint in India across sectors ranging from energy to defence and aviation. Commenting on discussions surrounding the U.S. dollar, Vieira noted that using local currencies for bilateral trade is a standard practice adopted by many countries without government mandates dictating corporate choices.
Why it matters
Stronger economic and strategic ties between Brazil and India open new commercial opportunities for key sectors like energy, defence, and aviation, while boosting bilateral trade toward the $30 billion milestone.
Read the original report — The Hindu
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