INDIA & BRAZIL- BILATERAL TRADE

         India and Brazil on Tuesday 8th March,2011 decided to forge stronger trade target of $ 10 billion in the next few years against $7.73 billion in 2010. This was agreed at a meeting between union commerce and Industry Minister Anand Sharma and visiting external Relations Minister of Brazil Antonio Patriota.India was desirous to forging stronger trade and economic ties with Brazil. The economic complementarity between the two countries  would cement the trade and economic relations further and help in the inclusive growth of both nations,. Both nations agreed for setting up of CEOs forum and identified the priority sectors such as energy,oil, tourism, pharmaceuticals, value- added manufacturing, mining and agro-processing. Both countries also signed o Air service Agreement.

view of Brazil

    The main sectors of investment from Brazil are plastic products, manufacture of leather products, allopathic Pharmaceutical preparations, data processing, soft ware development and computer consultancy service.

Prof. John Kurakar