Brazil's Foreign Minister Highlights Growing Ties with India Amid BRICS Summit

At the BRICS Business Forum in New Delhi, Brazilian Foreign Minister Mauro Vieira emphasized the strengthening relationship between Brazil and India, predicting that bilateral trade could surpass $30 billion well ahead of the 2030 target.

During an interview, Vieira noted the enthusiasm among Indian business circles following President Lula's visit earlier this year. With trade already approaching $20 billion, he expressed confidence in the potential for rapid growth, citing major Brazilian companies like Petrobras and Embraer actively expanding their presence in India.

Strong Economic Partnerships Ahead

Vieira pointed out that Brazil and India have the necessary elements to not only maintain their excellent political ties but to also bolster their economic collaboration. He highlighted that current projections suggest this year’s trade could hit around $20 billion, building on last year's $15 billion. The potential for upcoming projects by companies such as Vale, WEG, and Embraer could significantly enhance this figure.

BRICS: A Platform for Dialogue, Not Anti-Western Sentiment

Addressing the perception of BRICS as an anti-Western bloc, Vieira firmly rejected this notion, stating that the group is a forum for negotiation and consensus-building. He emphasized that BRICS should not be viewed through a lens of opposition to the West, but rather as a collaborative space for dialogue among diverse nations.

Additionally, he clarified that discussions about local currencies in trade do not signify a move to replace the US dollar, but rather reflect choices made by private sectors in international trade.

Source: www.thehindu.com