Live: PM Modi, Brazilian President Jair Bolsonaro Address Joint Press Conference (Photo Credit: ANI/Twitter)
India and Brazil on Saturday signed 15 agreements to boost cooperation in a wide-range of areas like oil and gas, mining and cyber security after talks between Brazilian President Jair Messias Bolsonaro and Prime Minister Narendra Modi. The Brazilian president is in India primarily to grace the Republic Day celebrations on Sunday as chief guest and explore ways to boost trade ties with India at a time when both the large economies are hit by slowdowns.The volume of bilateral trade between India and Brazil stood at USD 8.2 billion in 2018-19. This included USD 3.8 billion worth of Indian exports to Brazil and USD 4.4 million as imports by India. Both the governments feel there is huge potential to enhance the bilateral trade further.
Addressing the press conference, Jair Bolsonaro said, “We have just signed 15 agreements. We have indeed further consolidated our (India and Brazil) working bilateral relations.”
Speaking at the press conference, PM Modi said, “Tomorrow at the Republic Day parade on Rajpath, you will witness the diversity of India. Brazil is also a country that celebrates many festivals with fervour. I thank you (President of Brazil) for accepting the invitation of India.”
Prime Minister Narendra Modi and Jair Messias Bolsonaro witness exchange of Memorandum of Understanding (MoU) between the two countries including those on cybersecurity, bioenergy and health and medicine.
Delhi: President of Brazil, Jair Messias Bolsonaro and Prime Minister Narendra Modi hold delegation-level talks. External Affairs Minister Subrahmanyam Jaishankar and NSA of India, Ajit Doval, also present