PM Modi and Brazilian President Lula Da Silva Hold Talks, Set $20 Billion Trade Target

Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva held bilateral talks in New Delhi during Lula's state visit, focusing on expanding cooperation in trade, critical minerals, defence, energy, digital technology, and multilateral issues. The leaders set an ambitious target to raise bilateral trade beyond USD 20 billion within five years, with plans to deepen strategic ties and signed agreements on critical minerals, digital partnership, and mining. Lula inaugurated Brazil's trade promotion office in New Delhi, and both emphasized strengthening the Global South's voice and reforming global institutions amid shifting geopolitical dynamics.