Economy

Khurshid to co-chair India-Brazil jt commission meeting next week

Ashwini Phadnis New Delhi | Updated on October 11, 2013

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External Affairs Minister Salman Khurshid will co-chair the sixth India-Brazil Joint Commission Meeting (JCM) meeting during his visit to Brazil beginning October 14.

In a statement, the Ministry of External Affairs has said that during the meeting, both sides will discuss the entire gamut of India-Brazil Strategic Partnership, including political, economic and commercial, agriculture, science and technology, defence, cultural and hydrocarbon.

They will also exchange views on regional developments and international issues of common interest.

Brazil is an important trading partner of India in Latin America and Caribbean. Bilateral trade has grown significantly to $10.6 billion in 2012-13 from from $828 million in 2000.

India’s exports are valued at $6 billion and imports at $4.6 billion. Indian companies have made significant investments in Brazil which are estimated at $ 2.5 billion in the fields of agriculture, IT, pharma, manufacturing and hydrocarbons, among others.

Published on October 11, 2013

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