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India and Brazil boost trade and cooperation to $20B by 2030, expanding ties in energy, agriculture, and defense.
India and Brazil are expanding their economic and strategic partnership, aiming to increase bilateral trade to $20 billion by 2030 from $12 billion in 2024, as part of efforts to strengthen the Global South’s role in global affairs amid trade uncertainties.
They are broadening their 2003 trade agreement with MERCOSUR to cover tariff and non-tariff measures, boosting cooperation in energy, agriculture, biofuels, and aviation.
India has invested over $3.5 billion in Brazil’s upstream oil sector, while Brazil’s expertise in sugar cane-based biofuels may support India’s ethanol blending goals.
Embraer has opened a Delhi office, and defense and energy collaboration, including offshore exploration, is advancing.
High-level meetings between officials underscore shared priorities on climate, food security, and multilateral reform.
India y Brasil impulsan el comercio y la cooperación a $ 20B para 2030, expandiendo los lazos en energía, agricultura y defensa.