Finance
Prime Minister Narendra Modi paid a State Visit to Brazil on Tuesday at the request of President Luiz Inácio Lula da Silva, with both leaders promising to strengthen cooperation in a variety of vital areas.
In a joint statement, the two countries reiterated their commitment to strengthening the India-Brazil Strategic Partnership, defining their shared vision as based on common values and aimed at furthering peace, prosperity, and sustainable development.
Defence and Security
PM Modi and President Lula praised increased military cooperation, including joint drills and senior-level visits. They took notice of the recently signed Agreement on the Exchange and Mutual Protection of Classified Information and formed a Bilateral Cybersecurity Dialogue to share cyber threat expertise. Both condemned the Pahalgam terrorist incident and expressed Brazil’s support for India. They condemned all kinds of terrorism and resolved to step up efforts against UN-designated groups including Lashkar-e-Tayyiba and Jaish-e-Mohammad, including actions at the UN and FATF. An pact to combat international terrorism and organized crime was also inked, and both leaders agreed to support the United Nations Convention on Cybercrime when it is signed in Hanoi next year.
They called for UN Security Council reform, backing expansion in permanent and non-permanent seats with fair representation for Asia, Africa and Latin America. Brazil reaffirmed support for India’s bid for a non-permanent Council seat in 2028–29, while India endorsed Brazil’s aspiration for permanent membership. The two urged a UN Charter review conference in 2025, marking the Organization’s 80th anniversary.
On Middle East peace, both leaders urged a return to diplomacy, endorsing a two-state solution alongside safe humanitarian access in Gaza and backing UNRWA’s mandate. They also called for renewed dialogue to end hostilities in Ukraine.
Food and Nutritional Security
s leading agricultural producers, India and Brazil agreed to advance sustainable farming, fair trade and public stockholding for food security. They reaffirmed the goal of eradicating hunger by 2030 and pledged support for the Global Alliance Against Hunger and Poverty. Joint research on crop productivity, animal genetics and biotechnology will be encouraged through collaboration between national R&D bodies.
Energy Transition and Climate Action
The leaders underscored strong collaboration on bioenergy and biofuels, reaffirming their commitment to the Global Biofuels Alliance and exploring sustainable aviation fuel. PM Modi welcomed Brazil’s ‘Tropical Forests Forever Fund’ and India confirmed its support for Brazil’s presidency of COP30 in Belém next year.
Both sides agreed to step up collaboration on climate finance, sustainable development, and a stronger, fairer international financial system, while urging developed countries to meet their Official Development Assistance commitments.
Digital Cooperation and Emerging Tech
Acknowledging the transformative potential of digital public infrastructure, artificial intelligence, and quantum technologies, the two countries signed an MoU to deepen cooperation. India and Brazil pledged to work together on global digital governance and boost direct ties between their innovation ecosystems.
Industrial Partnerships
Both presidents noted increased bilateral investment flows and pledged to streamline visa procedures to promote business and tourism. They encouraged stronger collaboration in medicines, promoting Indian API enterprises in Brazil, aircraft, defense equipment, mining, oil and gas, and carbon capture technologies. A ministerial Commerce and Trade Review Mechanism will monitor the execution of the 2020 Bilateral Investment Cooperation and Facilitation Treaty and the 2022 Double Taxation Protocol.
