NEW DELHI: India and Brazil on Saturday set an annual bilat-eral trade target of $20 billion in the next five years and signed a pact for cooperation in the area of critical minerals fol-lowing wide-ranging talks between Prime Minister Naren-dra Modi and Brazilian Presi-dent Luiz Inacio Lula da Silva.
The two leaders also vowed to shore up ties in a range of other sectors, including defence, energy, healthcare and digital public infrastructure, while emphasising a deeper India-Brazil strategic engage ment to navigate the frag-mented geopolitical environ-ment.
Modi said Ihdia and Brazil are unanimous that terrorism and its supporters are "ene-mies" of humanity even as he noted that both sides agreed that reform of global institutions is essential to address the challenges facing the world.
President Lula is in Indian on a five day visit from February 18, primarily to attend the india Ai impact summit and hold talks with modi.
Brazil is India's largest trading partner in Latin American. We are committed to talking bilateral trade beyond $20 billion in the next five years. Ours trade is not just a figure. It is a reflection of trust, modi said in his media statement in the presence of the Brazilian leader.
