Modi Lula trade deal – Bharat Pulse News

Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva signed agreements aimed at strengthening cooperation in critical minerals and expanding bilateral trade beyond the 20 billion US dollar mark. The announcements were made during high-level talks focused on strategic sectors, including rare earths and energy security. India Brazil Rare Earths Cooperation Agreement India and Brazil agreed to enhance collaboration in the exploration, mining and processing of rare earth elements and other critical minerals. The partnership is expected to support supply chain diversification and reduce dependence on limited global sources. Officials said the cooperation would involve joint research, technology exchange and possible investment opportunities in mineral-rich regions. Rare earths are considered vital for electronics, renewable energy systems, electric vehicles and defence manufacturing. Trade Target Beyond 20 Billion Dollars Both leaders expressed intent to increase bilateral trade beyond 20 billion US dollars in the coming years. Current trade between the two countries stands at around that level, with scope for expansion in agriculture, energy, pharmaceuticals and industrial goods. The discussions also covered strengthening ties under multilateral platforms such as BRICS and the G20, with emphasis on Global South cooperation and resilient supply chains. Strategic Partnership And Economic Outlook Prime Minister Modi described the agreement as a reflection of mutual trust, while President Lula highlighted the importance of deeper economic engagement. The leaders reiterated commitment to expanding investment flows and facilitating business-to-business partnerships. The rare earths agreement is seen as part of a broader effort by both countries to secure access to critical resources and strengthen long-term economic cooperation.

India, Brazil Sign Rare Earths Deal

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