Brazil and India Form Strategic Alliance for Trade and Technology

Key Points:

• Announcement: Brazilian President Luiz Inácio Lula da Silva announced a strategic alliance with India to boost trade, technology, and bilateral cooperation. The announcement follows Brazilian Vice President Geraldo Alckmin’s recent visit to India.

• Trade Goals:

  • Bilateral trade stood at $12.19 billion in FY 2024–25.

  • Target: $20 billion by 2030.

  • Measures include expansion of India-MERCOSUR Preferential Trade Agreement, business facilitation (e-visas, trade offices), and collaboration in agriculture, mining, and industrial manufacturing.

• Technology & Industrial Collaboration:

  • Cooperation in aerospace, defence, space technology, digital payments, and industrial tech.

  • Brazilian firm Embraer to open offices in India; India may export Akash air defence system to Brazil.

  • Joint R&D and manufacturing initiatives planned.

• Political & Multilateral Alignment:

  • Both countries are BRICS and G20 members.

  • Shared focus on reforming global institutions like WTO and UNSC.

  • Emphasis on South-South cooperation and reducing dependence on the Global North.

• Strategic Significance:

  • Diversifies trade ties for both nations.

  • Strengthens multipolar cooperation and global strategic partnership.

  • Lays groundwork for President Lula’s proposed visit to India in early 2026.

Summary: The Brazil-India strategic alliance aims to expand trade, enhance technological collaboration, and strengthen multipolar cooperation, targeting $20 billion in bilateral trade by 2030 while deepening political and strategic ties.