PM Modi met Brazilian President Lula to elevate the India-Brazil Strategic Partnership (2006), focusing on defence, critical minerals, and energy. A key outcome is a pact between Embraer and Adani Defense for an E175 aircraft assembly line in India, alongside a bilateral trade target of $20 billion by 2030.
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- ›Bilateral Trade Target: $20 billion by 2030
- ›2025 Bilateral Trade: $15.21 billion
- ›Target this Data: Bilateral trade target of $20 billion by 2030.
- ›Target this Nodal Body: Joint Defence Committee (JDC) under the 2003/2006 Defence Cooperation Agreement.
- ›Target this Legal Point: The India-MERCOSUR Preferential Trade Agreement (PTA) is set for expansion.
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