Look forward to welcome Brazil’s Prez Lula da Silva to India: PM Modi
In a significant development, Prime Minister Narendra Modi spoke to Brazil’s President Lula da Silva on Thursday, expressing his eagerness to welcome him to India. The conversation between the two leaders highlighted the strong momentum in the India-Brazil Strategic Partnership, which has been gaining traction in recent years. As both countries navigate the complexities of global politics and economies, their bilateral relationship is becoming increasingly important for advancing the shared interests of the Global South.
During their conversation, PM Modi and President Lula da Silva reviewed the progress made in the India-Brazil Strategic Partnership, which was established in 2006. The partnership aims to promote cooperation in various areas, including trade, investment, science and technology, and culture. The two leaders also discussed the close cooperation between India and Brazil, which is vital for advancing the shared interests of the Global South. This cooperation is not limited to bilateral trade and investment but also extends to multilateral forums, where both countries are working together to address global challenges such as climate change, sustainable development, and economic inequality.
The India-Brazil Strategic Partnership has gained significant momentum in recent years, with both countries making efforts to strengthen their economic and trade ties. India and Brazil have signed several agreements and memoranda of understanding (MoUs) to promote cooperation in areas such as agriculture, pharmaceuticals, and renewable energy. The two countries have also been working together to promote people-to-people exchanges, with a growing number of Indian students and researchers visiting Brazil and vice versa.
However, both India and Brazil are facing tariff-related tensions with the United States, which has been imposing tariffs on various products imported from these countries. The US has been using tariffs as a tool to negotiate trade agreements and to protect its domestic industries. India and Brazil have been affected by these tariffs, which have impacted their exports to the US. The two countries have been working together to address these trade tensions and to promote a more equitable and rules-based international trading system.
The conversation between PM Modi and President Lula da Silva also highlighted the importance of South-South cooperation, which refers to the collaboration and exchange of resources, knowledge, and expertise between countries in the Global South. India and Brazil are both members of the BRICS grouping, which includes other emerging economies such as China, Russia, and South Africa. The BRICS countries have been working together to promote economic development, social justice, and political stability in their respective regions and globally.
The India-Brazil Strategic Partnership is also significant in the context of the Indo-Pacific region, where both countries have a strong presence. India has been promoting its Act East policy, which aims to strengthen its economic and strategic ties with countries in Southeast Asia and the Pacific. Brazil, on the other hand, has been promoting its own initiatives in the region, including the Brazil-India-Australia-Indonesia (BIAI) quadrilateral dialogue. The BIAI dialogue aims to promote cooperation in areas such as trade, investment, and security, and to address common challenges such as climate change and maritime security.
In conclusion, the conversation between PM Modi and President Lula da Silva highlights the strong momentum in the India-Brazil Strategic Partnership and the importance of this relationship for advancing the shared interests of the Global South. As both countries navigate the complexities of global politics and economies, their bilateral cooperation is becoming increasingly vital for promoting economic development, social justice, and political stability. India looks forward to welcoming President Lula da Silva to India, where he will be able to see firsthand the progress made in the India-Brazil Strategic Partnership and the opportunities for further cooperation and collaboration.
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