India, Brazil Set $20 Billion Trade Target, Forge Key Deals On Terror, Pharma, Critical Minerals
CNN-News18
Edited By:
Last Updated: July 09, 2025, 07:09 IST
Prime Minister Narendra Modi and Brazil's President Luiz Inacio Lula da Silva during a joint press meet after their meeting, in Brasilia, Brazil on Tuesday, (PMO via PTI Photo)
Prime Minister Narendra Modi's visit to Brazil has yielded a raft of strategic outcomes, ranging from enhanced trade ambitions to critical mineral partnerships and an anti-terror pact, according to key government sources.
A key highlight was the establishment of a $20 billion bilateral trade target over the next five years, with both sides agreeing to diversify their trade portfolios beyond existing sectors. A ministerial-level mechanism will be established to steer future commerce and trade talks. PM Modi also urged Brazilian President Luiz Inácio Lula da Silva to support the expansion of the India-MERCOSUR Preferential Trade Agreement (PTA)—a move Lula instructed his team to prioritise, recognising its potential for mutual benefit.
India is pushing for faster access to its pharma products in Brazil, tapping into a growing market for its medicines. The two countries also discussed cooperation in the mining and refining of critical minerals, especially lithium, copper, and rare earths—areas where Brazil has rich reserves. Collaborations were also proposed in defence manufacturing, biofuel technology, digital public infrastructure, and sports, particularly cricket and football.
Swipe Left For Next Video View all
On global security, the leaders signed a cooperation agreement to combat international terrorism and organised crime, and reaffirmed support for counter-terror financing initiatives under the UN and FATF. PM Modi thanked Brazil for condemning the Pahalgam terrorist attack and welcomed Lula's solidarity with India.
Both nations reiterated support for UNSC reforms, backed a two-state solution in Palestine, and discussed the Ukraine conflict's impact on the Global South. They also expressed a shared interest in promoting multipolarity, sustainability, and inclusivity in global governance. The visit signifies a deeper alignment between the two major democracies on both economic and geopolitical fronts. Siddhant Mishra
Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, ... Read More
Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, ... Read More News india India, Brazil Set $20 Billion Trade Target, Forge Key Deals On Terror, Pharma, Critical Minerals
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
38 minutes ago
- News18
Elon Musk Reacts To Linda Yaccarino's Exit From X: ‘Thank You For...'
Elon Musk thanked outgoing X CEO Linda Yaccarino after her resignation. Here's what he said Elon Musk publicly thanked outgoing X CEO Linda Yaccarino after she announced her resignation from the company. Reacting in the comments under Linda Yaccarino's farewell post on X (formerly Twitter), Elon Musk wrote simply, 'Thank you for your contributions." Linda Yaccarino, who joined X in 2023 to oversee business operations while Elon Musk focused on product and tech, officially stepped down after a tumultuous two-year tenure. In her resignation message, she expressed deep appreciation for Elon Musk's trust in her leadership and his vision for transforming the platform into the 'Everything App." 'When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," she wrote, adding, 'I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." Linda Yaccarino, a veteran media executive, joined X in 2023 after a long and successful career at NBCUniversal, where she served as Chairman of Global Advertising and Partnerships. Known for her deep ties to the advertising world, she was brought on to stabilize X's ad revenue and help rebrand the platform amid ongoing turbulence under Elon Musk's ownership. Linda Yaccarino's time as CEO saw her navigating sharp advertiser exits, a volatile public image for the platform and the integration of new products including Grok, X's controversial AI chatbot. Her exit comes just weeks after Elon Musk transferred ownership of X to his AI venture xAI- signaling a deeper shift toward artificial intelligence initiatives. view comments First Published: July 10, 2025, 02:31 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
an hour ago
- News18
Trump Announces 50% Tariff On Brazil Citing Bolsonaro Trial And Trade Disputes
Donald Trump announced a 50% tariff on Brazilian imports, citing unfair trade practices and prosecution of Jair Bolsonaro. US President Donald Trump announced a steep 50% tariff on imports from Brazil, dramatically escalating trade tensions with South America's largest economy. The move, Donald Trump said, is in part retaliation for what he described as the 'unjust" prosecution of former Brazilian President Jair Bolsonaro as well as what he called a 'very unfair trade relationship" between the two nations. The new tariff represents a fivefold increase from the 10% rate the US imposed on Brazilian imports in April. In addition to the tariffs, Donald Trump confirmed the launch of a federal investigation into what he called 'unfair trade practices" by Brazil. In a letter addressed to Brazilian President Luiz Inácio Lula da Silva, Donald Trump accused the country of 'continued attacks on the Digital Trade activities of American companies," a reference to recent regulatory actions and digital taxation proposals being considered in Brazil. 'The relationship is far from reciprocal," Donald Trump said in a post on his social media platform Truth Social, adding, 'We will no longer tolerate one-sided trade and political persecution of a great friend of the United States." Following this, the total number of countries targeted under Donald Trump's renewed tariff campaign has reached 22 as earlier Donald Trump unveiled a fresh round of tariffs on several more countries, escalating his push for what he describes as 'fair and reciprocal" trade terms for American goods. The latest measures impose 30% duties on imports from Sri Lanka, Algeria, Iraq and Libya, along with 25% tariffs on Brunei and Moldova and a 20% rate on the Philippines. The announcement follows closely on the heels of Donald Trump's earlier move notifying 14 other countries of impending trade penalties. First Published: July 10, 2025, 02:20 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
an hour ago
- News18
'Conspiracy': Biden's Doctor Refuses To Answer Questions On Ex-President's Mental Fitness
Last Updated: Ex-White House physician Dr. Kevin O'Connor invoked the Fifth Amendment, refusing to answer questions about Joe Biden's cognitive health. Former White House physician Dr. Kevin O'Connor refused to answer questions about ex-US President Joe Biden's cognitive health during a closed-door session with the House Oversight and Government Reform Committee, invoking his Fifth Amendment right. According to Oversight Chairman James Comer, Dr. Kevin O'Connor declined to answer two direct questions: whether he was ever instructed to lie about the ex-President's health and whether he believed Joe Biden was unfit for office. 'He pleaded the Fifth Amendment," James Comer said. The only question Kevin O'Connor responded to was a confirmation of his name after which he swiftly exited the House office building. Kevin O'Connor's attorney, David Schertler, said the doctor had 'no choice" but to invoke his constitutional rights under the circumstances. James Comer criticized Kevin O'Connor's decision, calling it 'unprecedented" and accusing the Joe Biden administration of orchestrating a cover-up. 'Clearly there was a conspiracy to cover up," he said in a statement, adding, 'We will continue to interview more Biden White House aides to get the answers Americans deserve." The interview was part of a broader investigation into Joe Biden's mental fitness and whether key aides were exercising presidential authority behind the scenes. James Comer cited the book 'Original Sin' by journalists Jake Tapper and Alex Thompson, which alleged that a group of senior Joe Biden aides were making key decisions in place of the US President. Members of this alleged inner circle are now scheduled to appear before the Oversight panel over the next few weeks. Upcoming witnesses include former Chief of Staff Ron Klain (July 24), counselor Steve Ricchetti (July 30), senior adviser Mike Donilon (July 31), deputy chief of staff Bruce Reed (August 5) and former senior adviser Anita Dunn (August 7). Joe Biden has previously dismissed concerns about his cognitive abilities, calling the claims 'ridiculous and false." Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! view comments First Published: July 10, 2025, 02:11 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
