Business2 min
Brazil's envoy to India says bilateral trade is headed for USD 20 billion
Ambassador Kenneth Felix Haczynski da Nóbrega says rising business ties, from rare earths to pharma and AI, are lifting the partnership as both nations near 80 years of diplomatic relations.
Brazil's Ambassador to India, Kenneth Felix Haczynski da Nóbrega, said on Friday that trade between the two countries is expected to reach USD 20 billion soon. He spoke in New Delhi at an event marking Brazil's National Day, and named critical minerals, defence, energy, pharmaceuticals and artificial intelligence as areas where cooperation is growing.
The numbers behind the pitch: India is now Brazil's fifth-largest trading partner, and investment by leading Indian companies in Brazil has reached USD 10 billion, according to the envoy. He said more than 150 business and technology missions have travelled between the two countries over the past three years, which he credited for the momentum.
Why should an everyday reader care? Because the sectors on the list touch daily life. Pharmaceutical research partnerships can shape medicine supply and innovation. Rare earths and critical minerals feed into electronics and clean-energy technology. Da Nóbrega said the two sides recently agreed to join up their efforts on rare earths and critical minerals, and launched what he called a broad digital partnership.
He also pointed to Brazilian companies deepening their presence in India. Aerospace major Embraer, he said, is a prominent new entrant. On the trade-policy front, he reported concrete progress in talks to expand the trade agreement between India and the Southern Common Market, known as MERCOSUR.
The ambassador framed the relationship as one built on trust. "In those uncertain years and in this uncertain world we are living in, trust is not just an asset; it is a strategic advantage," he said. He added that the two countries are entering a new phase ahead of the 80th anniversary of diplomatic ties.
Cooperation extends beyond commerce, he said. He praised India's BRICS chairmanship and said Brazil and India worked in "full synergy" within the group. After COP30, Brazil also took on co-chairmanship, alongside India, of the Coalition for Disaster Resilient Infrastructure and the Global Biofuels Alliance. He recalled Prime Minister Narendra Modi's 2025 state visit to Brazil and President Luiz Inácio Lula da Silva's visit to India earlier this year as political backing for the push.
Read the original report here.
FiledArtificial IntelligenceUnited NationsNarendra ModiUnited StatesDefenceDelhi
