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India, Brazil aim for $10 b trade in three years



Better ties: Mr Kamal Nath, Minister of Commerce & Industry, and Mr Miguel Jorge, Minister of Development, Industry & Foreign Trade, Brazil, at a meeting in the Capital on Wednesday. - Kamal Narang

Our Bureau

New Delhi, March 26 Aiming for more than three-fold increase in bilateral trade to $10 billion in three years, India and Brazil on Wednesday discussed ways to help developed world cope with the economic slowdown.

At a meeting between the Commerce and Industry Minister, Mr Kamal Nath, and the Brazilian Minister of Development, Industry and Foreign Trade, Mr Miguel Jorge, the two BRIC (Brazil, Russia, India, China) countries discussed measures to treble bilateral trade from the present level of $3.12 billion.

Besides, the two ministers reviewed the global economic slowdown and how the two emerging market economies can maintain their growth to avert deeper crisis in the world economy.

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