Brazil’s ambassador says India trade could reach $20 billion annually
- Brazil’s ambassador said on Friday that annual India-Brazil trade should soon reach $20 billion.
- India is now Brazil’s fifth-largest trading partner, Ambassador Kenneth da Nóbrega said.
- Indian firms have invested about $10 billion in Brazil, and the countries will work together on rare earths.
- India and Brazil are also in talks to widen India’s trade pact with MERCOSUR, a South American bloc.
Source: moneycontrol.com
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