PM Modi Lands In Brasilia After Concluding BRICS Summit In Brazil; Receives Grand Welcome At Airport
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Hans India
24 minutes ago
- Hans India
PM Modi shares 'productive interactions' with world leaders during BRICS Summit
Brasilia: Prime Minister Narendra Modi on Tuesday shared glimpses of his meeting with a host of world leaders - including the President of Chile, the UN Secretary General and the former President of Brazil - on the sidelines of the BRICS Summit, in Rio de Janeiro, Brazil, which concluded late Monday night, India time. Sharing details about his meeting with the Chilean President Gabriel Boric Font, PM Modi mentioned the growing friendship between both nations. "Delighted to have met President Gabriel Boric Font of Chile during the Rio BRICS Summit. India-Chile friendship is getting stronger and stronger!," PM Modi posted on X. In April, the Chilean President paid a State Visit to India accompanied by a high-level delegation, including ministers, Members of Parliament, senior officials, business associations, media and prominent Chileans involved in the India-Chile cultural connect. During the visit, which commemorated the completion of 76 years of diplomatic relations between the two countries, both leaders had discussed in detail the historic diplomatic ties that were established in 1949, growing trade linkages, people-to-people linkages, cultural ties and also the warm and cordial bilateral relations between both countries. They had expressed desire for further expanding and deepening of the multifaceted relationship between the two countries in all areas of mutual interests. PM Modi also met the United Nations Secretary General Antonio Guterres in Rio de Janeiro on Monday. Taking to X, PM Modi said, "Interacted with Mr. Antonio Guterres, UN Secretary General, on the sidelines of the BRICS Summit in Rio de Janeiro yesterday". India's deepening engagement with the UN is based on its steadfast commitment to multilateralism and dialogue as the key for achieving shared goals and addressing common challenges faced by the global community including those related to peacebuilding and peacekeeping, sustainable development, poverty eradication, environment, climate change, terrorism, disarmament, human rights, health and pandemics, migration, cyber security, space and frontier technologies like Artificial Intelligence, comprehensive reform of the United Nations, including the reform of the Security Council, among others. PM Modi also shared details about his productive conversation with the former President of Brazil, Dilma Rousseff who now heads the New Development Bank (NDB) Rousseff was in Rio de Janeiro to celebrate the progress made by the 'BRICS Bank' and discuss reforms of global financial institutions within the framework of BRICS negotiations. "Productive interaction with Dilma Rousseff, President of the New Development Bank and former President of Brazil," said the Indian Prime Minister. On Tuesday, Prime Minister Modi was given a warm welcome by Brazil President Luiz Inacio Lula da Silva at the Alvorada Palace in Brasilia as he began a State Visit to the country following his participation in the BRICS Summit in Rio de Janeiro. After the ceremonial welcome with military honours and introduction of delegates, both leaders proceeded for a meeting in restricted format that will be followed by delegation-level talks. A signing ceremony on various agreements will be held and followed by leaders' statements to the press. PM Modi will then be honoured with a State Lunch at the Alvorada Palace.
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Business Standard
39 minutes ago
- Business Standard
India and Brazil set to sign key agreements to boost bilateral trade
India and Brazil, both wary of the tariffs that US President Donald Trump has threatened to impose and looking beyond America for markets for their respective produce, are set to sign almost half a dozen agreements aimed at increasing their bilateral trade during Prime Minister Narendra Modi's meeting with Brazilian President Luiz Inácio Lula da Silva. India's trade with Brazil is the largest compared to its trade with any other country in Latin America. However, it remains far below Brazil's trade with China, the US, Argentina, and Germany. India-Brazil bilateral trade reached $16.6 billion in 2022-23, but following the drop in oil and gas prices, it is now around $12.2 billion. India enjoys a trade surplus, exporting goods worth $6.7 billion to Brazil and importing goods worth $5.4 billion. Modi and Lula had set a bilateral trade target of $20 billion during their last meeting in November 2024. Brazil is looking to diversify its exports to India beyond sugar and crude oil, which currently dominate sales. Earlier this year, Brazil's Embraer SA, the world's third-largest aircraft manufacturer, set up a subsidiary in India. Brazil is also seeking to expand its market for agricultural and dairy products in India. At a recent event, Lula observed that he only recently discovered that Modi, a devout Hindu, didn't eat meat. Brazil is the world's top beef exporter. 'Our trade relationship is just $12 billion, it's nothing,' Lula said. 'So please, arrange a box of cheese. I want it on the table so he never complains about Brazilian food and, who knows, maybe he'll start buying Brazilian cheese.' Hours before he met the Indian PM in Brasilia for a bilateral meeting on Tuesday evening (India time), Lula joined his South African counterpart Cyril Ramaphosa in criticising Trump for his threat to impose extra tariffs on BRICS member countries. On the final day of the two-day BRICS Summit, which Brazil had hosted, Lula said the US president was 'irresponsible for threatening tariffs on social media.' He also called on world leaders to find ways to reduce international trade's reliance on the dollar. Earlier, South African President Ramaphosa was the first among the BRICS leaders to criticise Trump for his comments, where the US president had warned BRICS members of 10 percent additional tariffs for adopting policies he claimed were 'anti-American.' In their Rio de Janeiro declaration, BRICS members expressed 'serious concerns' over tariffs, condemned soaring defence spending, and denounced airstrikes on BRICS member Iran. However, the group did not mention the US by name. The grouping also tasked its finance ministers and central bank governors to continue discussions on the BRICS Cross-Border Payments Initiative and appreciated the progress made by the BRICS Payment Task Force (BPTF) in identifying possible pathways to support greater interoperability of BRICS payment systems. The effort is aimed at reducing the dominance of the US dollar in international trade. Brazil is also keen to increase its sesame exports to India, which have grown significantly since the Indian market opened to Brazil in 2020. It is also eyeing expanded ethanol exports. In Brasilia, the two countries are expected to sign deals on renewable energy, counterterrorism, cooperation in agricultural research, and agree on a framework to protect confidential information. India is looking to increase its cooperation with Brazil in oil and gas, mining and critical minerals, defence, and security. The two leaders are expected to discuss ways to strengthen and diversify bilateral trade, including through the expansion of the India-MERCOSUR Preferential Trade Agreement, as Brazil assumes the chairship of MERCOSUR from July 1, 2025.
Time of India
an hour ago
- Time of India
‘Mr. Trump, BRICS Doesn't Compete...': South Africa's Ramaphosa Gives U.S. President 'Reality Check'
South African President Cyril Ramaphosa hit back at his U.S. counterpart Donald Trump's criticism of BRICS. He said, "There needs to be greater appreciation of the emergence of various centres of power in the world. This should be seen in a positive light rather than in a negative light [...] BRICS does not seek to compete with any other power." He also reiterated his call for African representation on the United Nations Security Council during BRICS summit in Brazil on Monday, while defending the bloc's importance in 'global governance'. Watch.
