India, Brazil set $30-bn trade target

DISCUSS US TRADE POLICY, TARIFFS

- MUKESH JAGOTA/PTI

INDIA AND BRAZIL on Saturday set an annual bilateral trade target of $30 billion in the next five years and signed a pact for cooperation in the area of critical minerals following wide-ranging talks between Prime Minister Narendra Modi and Brazilian President 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 strategic engagement to navigate the fragmented geopolitical environment.

Modi said India and Brazil are unanimous that terrorism and its supporters are 'enemies' 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 India on a five-day visit from February 18,primarily to attend the India AI Impact Summit and hold talks with Modi.