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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.
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Reuters - Tue, 08, Jul 2025
- 15:04 EDT
- 18
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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