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Brazil, India are building strategic ties for a changing world, says Brazil’s Foreign Minister

Brazil, India are building strategic ties for a changing world, says Brazil’s Foreign Minister
Countries
BrazilChinaIndiaIndonesiaIranRussiaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: The Hindu | Original Published At: 2026-09-12 11:58:26 UTC

Key Points

  • Brazil and India are pursuing a target of $30 billion in bilateral trade by 2030, with trade already approaching $20 billion.
  • Brazilian companies including Petrobras, Embraer, Vale, and WEG are expanding interests in India across energy, aviation, mining, and industrial sectors.
  • Brazil's Foreign Minister described the transition of the BRICS presidency from Brazil to India, and then to China, as an important continuation of BRICS initiatives.
  • The New Development Bank was highlighted as a growing BRICS institution supporting faster and more efficient development financing for member countries.
  • Brazil's Foreign Minister said BRICS is not an anti-Western bloc and is not seeking to replace the US dollar, but is a space for dialogue and consensus-building.
  • The article indicates BRICS is entering a consolidation phase after expansion, with attention to strengthening dialogue between full members and partner countries.
  • The presence of Chinese President Xi Jinping and Russian President Vladimir Putin at the summit was presented as evidence of BRICS' importance and India's engagement with the group.
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