The signing of a trade deal between India and Brazil strengthened bilateral relations. Both countries committed to taking trade beyond $20 billion and expanding AI and technology cooperation. India-Brazil relations, trade deal, Narendra Modi, Lula da Silva, $20 billion trade target
Bilateral talks strengthen ties (Image Source: Internet)
New Delhi: A new chapter in India-Brazil relations was added today when the two countries signed a landmark trade deal. The high-level bilateral talks between Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva reached consensus on several key issues. This agreement is being considered a major step forward for the economies of both countries.
Welcoming President Lula and his delegation to India, Prime Minister Modi said that President Lula's visionary leadership and positive thinking have always given new direction to India-Brazil relations. He said that the two countries have had a strong relationship of trust and cooperation for years.
In his address, Prime Minister Modi said that he and President Lula have met several times in the past few years, and each time, Brazil's deep friendship and trust in India are clearly visible. Describing the visit as historic, he said it also energizes the AI Impact Summit held in India and further strengthens the strategic partnership between the two countries.
This visit is being seen as more than just a formal meeting but as a strong foundation for future partnership.
Prime Minister Modi noted that Brazil is India's largest trading partner in Latin America. The two countries have set a target of increasing bilateral trade to over $20 billion in the next five years.
He clarified that this trade is not just a game of numbers but a symbol of trust and partnership between the two countries. The large business delegation accompanying President Lula is a testament to this growing economic trust.
Prime Minister Modi described technology and innovation as key areas of cooperation between the two countries. He stated that partnerships in artificial intelligence, digital technology, and the startup ecosystem will not only benefit India and Brazil but can also provide new direction to countries across the Global South.
Technology-based cooperation can become a key part of future development strategies for developing countries. In this regard, the partnership between India and Brazil can set a strong example on the global stage.
