Brazil Foreign Minister Says Bilateral Trade with India Could Top $30 Billion

Brazilian Foreign Minister Mauro Vieira stated that bilateral trade between India and Brazil could exceed the $30 billion target well before 2030, with trade expected to reach around $20 billion this year.

Vieira noted that companies such as Petrobras, Embraer, WEG, and Vale are expanding their commercial and defense presence in India.

Addressing the U.S. dollar, Vieira remarked that the use of local currencies for bilateral trade is standard practice among many nations without corporate mandates.