BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday his country aims to triple trade flows with India from $12 billion last year “in the short term,” without giving a more specific time frame. Speaking alongside Indian Prime Minister Narendra Modi after a state visit in Brasilia, Lula also said Brazilian planemaker […]
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Brazil aims to triple trade flows with India, Lula says
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BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday his country aims to triple trade flows with India from $12 billion last year “in the short term,” without giving a more specific time frame.
Speaking alongside Indian Prime Minister Narendra Modi after a state visit in Brasilia, Lula also said Brazilian planemaker Embraer wants to strengthen its presence in India, partnering with companies there.
Lula also said that expanding a preferential trade agreement between India and South American bloc Mercosur could help reduce both tariff and non-tariff barriers that are limiting trade.
(Reporting by Ricardo BritoEditing by Brad Haynes)