PM's Brazil visit to focus on boosting ties
In the first bilateral visit by an Indian prime minister in 38 years after the late Indira Gandhi in 1968, Singh is expected to discuss a wide range of issues.india Updated: Sep 11, 2006 13:48 IST
Prime Minister Manmohan Singh will be arriving on Tuesday on a two-day visit to Brazil, which is expected to give a boost to bilateral relations besides giving a concrete shape to the tri-nation engagement including South Africa in the IBSA dialogue forum.
In the first bilateral visit by an Indian prime minister in 38 years after the late Indira Gandhi in 1968, Singh is expected to discuss a wide range of issues, including adding content to the political and economic interactions and cooperation in defence, agriculture and energy security.
After one-to-one talks with President Lula Da Silva, agreements are expected to be signed with Brazil, a pioneer in developing alternative fuel ethanol, for joint collaboration in the area, an air services pact and with Petrobas for exploration of oil in mutual countries.
India-Brazil trade, which was at a modest level of $ 200 million until late 1990s, has grown to $ 3.2 billion now.
Some studies indicate that bilateral trade between India and Brazil can easily breach the psychological barrier of $ 10 billion over the next 3-5 years.
India's leading exports items include diesel, coal and chemicals, while Brazil's export basket to India are sugar, and soyabean oil followed by chemicals and iron ore.