India signed 15 MoU with Brazil

India and Brazil on Saturday singed 15 agreements for cooperation in a wide range of areas and unveiled an action plan for further strategic ties after meeting between Prime Minister Narendra Modi and Brazilian President Jair Messias Bolsonaro.

During this meeting, the two countries have set specific goals for deeper cooperation in areas of defence, security, trade and commerce, agriculture, civil aviation, energy, environment, health and innovation and vowed to work together with conclusion to deal with international terrorism. The major focus of the meeting was to boost bilateral trade and investment as both the large economies were hit by global economic slowdown.

The 15 agreements will provide for cooperation in a wide range of areas including oil and gas, mineral resources, traditional medicine, animal husbandry, bioenergy and trade and investment.

Modi said,“Your visit to India has opened a new chapter in ties between India and Brazil,” by summing up the outcome of his talks with Barzil President  Bolsonaro. Calling Brazil a valuable partner in India’s economic growth, the prime minister said both the countries have been on the same page on various global issues and showed confidence that the ties will strengthen further. Modi said in his media statement that “Despite geographical distance, both India and Brazil are together on various global issues as our views are same. The Prime minister  Modi added further that focus is being given to new ways of boosting defence industrial cooperation. “We want to have broad-based cooperation in defence,” he added.

The Brazil President Bolsonaro said about two countries that ‘consolidated the already strong ties by signing 15 agreements which will provide for cooperation in a range of areas, the two countries will encourage greater collaboration between their defence industrial bases and work together to conclude an agreement in dealing international terrorism and transnational organised crime.

Bolsonaro arrived here on Friday, accompanied by his daughter Laura Bolsonaro, daughter-in-law Leticia Firmo, eight ministers, four members of the Brazilian parliament and a large business delegation.