With eyes on trade, global governance, Lula set to visit India with executives, Pg16

Key Highlights:

• Brazilian President Lula da Silva will visit India from February 19-21 with a delegation of 260 companies.
• The visit follows Prime Minister Modi’s meeting with Lula in Brasilia in July 2025, focusing on expanding bilateral trade.
• Brazil sees India as a key partner in technology, defence, and global governance.
• Apex Brazil is opening an office in Delhi, recognizing India’s growth potential.
• In 2025, Brazil purchased $8.5 billion of Indian products and exported $7 billion to India.
• Brazil aims to diversify its exports to India beyond traditional commodities.
• Brazil seeks to advance discussions on global governance during India’s BRICS presidency in 2026.

Detailed Insights:

• This visit signifies the highest level of engagement between Brazil and India amidst a complex geopolitical landscape, potentially being Lula’s last major foreign trip before Brazil’s presidential elections in October.
• Celso Amorim highlights potential collaboration in technology and defence, noting India’s achievements in space science without relying on wealthy nations' technology.
• Jorge Viana emphasizes India’s rapid rise as a trading partner, potentially becoming Brazil’s third-largest, driven by India’s large population and economic growth.
• The delegation includes representatives from health, ethanol, and biofuel sectors, with a possible announcement regarding Embraer’s entry into the Indian market.
• Brazil aims to leverage India’s BRICS presidency to push for reforms in global governance and multilateralism, particularly advocating for the expansion of the UN Security Council.

Key Concepts Involved:

• BRICS: An intergovernmental organization comprising Brazil, Russia, India, China, and South Africa, aimed at promoting economic cooperation.
• Global Governance: The framework of rules, institutions, and practices that guide and restrain state and non-state actors in the international system.
• Multilateralism: The principle of coordinating relations between three or more states in accordance with agreed-upon principles.