US EditionIndia, Brazil set bilateral trade target of over $20 Bn in 5 years
- On Saturday in New Delhi, Prime Minister Narendra Modi and President Luiz Inacio Lula da Silva signed a deal on critical minerals and rare earths and set a $20 billion trade target.
- Seeking to reduce dependence on China, India has expanded domestic production and recycling while Brazil's large reserves encouraged cooperation to build resilient supply chains.
- Alongside the mineral MOU, nine other accords were finalised on digital, health and entrepreneurship, while Luiz Inacio Lula da Silva led a delegation including 11 ministers and 300 businesspeople.
- Lula said `Increasing investments and cooperation in matters of renewable energies and critical minerals is at the core of the pioneering agreement that we have signed today`, and leaders agreed to extend business and tourist visas from 5 years to 10 years to encourage growth.
- Experts argue this pact strengthens supply options as Rishabh Jain says alliances help secure resource access, and rare earths underpin key technologies, highlighting industrial significance.
128 Articles
128 Articles
Brazil and India signed an agreement today to strengthen cooperation in the field of critical minerals and rare earth metals.
digitimes.com
technewstube.comIndia and Brazil agree to boost trade in critical minerals and rare earths
On February 21, Indian Prime Minister Narendra Modiheld wide-ranging talks with Brazilian President Luiz Inácio Lula da Silva, with both sides reaffirming their commitment to deepen strategic ties and expand cooperation across trade, technology, energy, and critical minerals.
Associated Press News
Brazil and India agree to boost cooperation on rare earths
Brazil and India have signed a new deal to cooperate on rare earths and other critical minerals. The agreement aims to boost investment, exploration, and mining.
The leaders of Brazil and India have signed this Saturday in New Delhi an agreement that contemplates bilateral cooperation on critical minerals in the midst of a global race for these coveted raw materials. The pact, signed between President Luiz Inácio Lula da Silva and Prime Minister Narendra Modi, during an official visit by the Brazilian, is a declaration of intent without firm commitments, but reflects the will of the two major middle powe…
India and Brazil signed an agreement on Saturday to strengthen their cooperation in the field of critical minerals and rare earths.
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