State Visit of the President of the Federative Republic of Brazil to India concluded | Current Affairs | Vision IAS

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In Summary

  • Nations revised bilateral trade goal to $30 billion by 2030, signing 10 MoUs on rare earths, space, and digital partnership.
  • Visa validity extended to 10 years, enhancing cooperation in renewable energy and pharmaceuticals.
  • India-Brazil relations, established in 1948, focus on BRICS, G-20, and UN engagement, with bilateral trade reaching $15.21 billion in 2025.

In Summary

During the Visit both nations revised their bilateral trade goal from $20 billion to $30 billion by 2030. 

  • The nations emphasized enhanced cooperation across diverse sectors, including space, renewable energy, and agriculture.

Key Outcomes of the Visit

  • Strategic MoUs: 10 agreements were signed, notably covering Rare Earth and Critical Minerals, the Postal sector,  MSME entrepreneurship, and pharmaceutical regulations.
  • Digital Cooperation: Adoption of a Joint Declaration/Action Plan on a Digital Partnership for the Future.
  • Visa Facilitation: Extension of the validity of multiple-entry tourist and business visas from five to ten years, on a reciprocal basis.

India-Brazil relations

  • Diplomatic relations established in 1948; upgraded to Strategic Partnership (2006)
  • Work closely at plurilateral fora such as BRICS, BASIC, G-20, G-4, IBSA, and larger multilateral bodies such as the UN, WTO, UNESCO, and WIPO
  • Trade: In 2025, the bilateral trade grew by over 25% reaching USD 15.21 billion.
    • Engagement under India-MERCOSUR Preferential Trade Agreement.
  • Renewable Energy: Brazil became the co-founder member of Global Biofuel Alliance.
    • Brazil ratified the International Solar Alliance (ISA) Agreement in 2022.
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MSME

सूक्ष्म, लघु और मध्यम उद्यम (Micro, Small and Medium Enterprises) भारतीय अर्थव्यवस्था का एक महत्वपूर्ण हिस्सा हैं। निर्यात संवर्धन में इनकी भूमिका महत्वपूर्ण है, और उन्हें अंतर्राष्ट्रीय व्यापार में भाग लेने और प्रक्रियाओं को समझने में सहायता की आवश्यकता होती है।

International Solar Alliance (ISA)

An alliance of over 100 countries, launched by India and France, that aims to mobilize investments and accelerate the deployment of solar energy to reduce dependence on fossil fuels. It focuses on making clean energy affordable and accessible.

Global Biofuel Alliance

An international initiative launched to foster cooperation and intensify the use of sustainable biofuels. It aims to facilitate the development and deployment of biofuels globally.

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