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Brazil aims to triple trade flows with India, Lula says

Brazil seeks to triple trade with India from $12 billion, aiming to boost ties through Mercosur deal and aerospace partnerships.

India's Prime Minister Narendra Modi and Brazil's President Luiz Inacio Lula da Silva raise their joined hands, at the Alvorada Palace in Brasília, Brazil, July 8, 2025. / REUTERS/Adriano Machado

Brazilian President Luiz Inacio Lula da Silva said on July 8 his country aims to triple trade flows with India from $12 billion last year "in the short term," without giving a more specific time frame.

Speaking alongside Indian Prime Minister Narendra Modi after a state visit in Brasilia, Lula also said Brazilian planemaker Embraer wants to strengthen its presence in India, partnering with companies there.

Lula also said that expanding a preferential trade agreement between India and South American bloc Mercosur could help reduce both tariff and non-tariff barriers that are limiting trade.

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