New Delhi: A day after India and Brazil inked 15 MoUs following formal talks between Prime Minister of India, Narendra Modi and Brazilian President Jair Messias Bolsanoro, the two sides focussed on trade and defence discussions to further strengthen the strategic partnership.
Addressing the India- Brazil Business Forum on Monday, Brazilian Foreign Minister Ernesto Fraga Araujo cited the preferential trade agreement inked as key to attain and surpass trade goals.
The two countries have set a target of going from the existing 8 billion USD bilateral trade to 15 billion USD by 2022.
Araujo claimed that unlike in the past governments in Brazil, the different ministries are working unitedly as one team to achieve this goal. He also praised Modi for modernising India without giving up on its values and traditions while criticising those who preach a ‘post-nationalist’ or ‘anti-nationalist’ world that seeks to renounce identities to grow.
While addressing the India- Brazil Business Forum in Delhi, Brazilian Foreign Minister Araujo said, “We from Brazil saw India, a powerful country that is proud of itself. United in its diversity. ”
“A society that under the leadership of Prime Minister Modi is modernising without giving up on its traditions and values,” he added.
Since his surprise win in 2018, Bolsanoro an extreme opponent of liberal socialism has charted Brazil on a path of populist nationalism. The foreign minister assured that his country is identifying trade barriers and regulatory issues to remove them.
Addressing the forum meeting in presence of President Bolsanoro, Union Minister of India Piyush Goyal hoped that the bilateral relationship would become ‘pride for both the countries and the world’s envy’, reminiscent of the tagline used by a television company in an old advertisement.
Welcoming Bolsanaro’s announcement to allow visa-free travel for Indians to Brazil, Goyal hoped that the two sides can cooperate closely on value chains, railways expansion, environment and biofuels among others.
President Bolsanoro, the third Head of State from Brazil to be invited as Chief Guest for India’s Republic Day Parade, underlined that the two countries are moving in the right direction.