{
  "id": 3998688,
  "title": "Brazil seeks to expand trade with Indian companies",
  "url": "https://urgent.news/2026/08/28/brazil-seeks-to-expand-trade-with-indian-companies",
  "topic": "world",
  "section": "World",
  "published": "2026-08-28T14:58:00.000Z",
  "source": {
    "name": "Agencia Brasil",
    "slug": "agencia-brasil",
    "url": "https://agenciabrasil.ebc.com.br/en/economia/noticia/2026-08/brazil-seeks-expand-trade-indian-companies"
  },
  "original_language": "en",
  "account": "Brazil aims to bolster its global trade by forging stronger partnerships with diverse nations, recently cementing a memorandum of understanding with India. The agreement facilitates enhanced collaboration between Brazil's Trade and Investment Promotion Agency (ApexBrasil) and the Confederation of Indian Industry. The primary objectives are to promote investment, business opportunities, and market information exchange between the two countries, enhancing their trade relations without imposing any binding obligations. This non-binding agreement seeks to establish a robust framework for joint ventures, focusing on sectors like pharmaceuticals, bioenergy, biofuels, fertilizers, medical devices, and critical minerals.\n\nForeign Minister Mauro Vieira emphasized that trade between Brazil and India has surged by 82 percent over the past few years, underscoring the growing potential of the bilateral relationship. Brazil's exports to India reached nearly USD 7 billion last year, marking the highest level in two decades, while imports from India exceeded USD 8.4 billion. The partnership strategy also aims to grow Brazil-India bilateral trade to a projected USD 20 billion by 2030, with Brazil already ranking as India's 26th-largest supplier of goods.\n\nApexBrasil has identified over 378 opportunities for Brazilian products in the Indian market. The agency supports around ten strategic projects in India, including collaborations with agribusiness organizations. The initiative is expected to catalyze Brazil's international trade diversification efforts, complementing its ongoing negotiations with the US on tariff hikes and its preparation to resume trade talks with the United States.",
  "summary": "Brazil has advanced its strategy to diversify its trading partners by signing a memorandum of understanding with India on Thursday (Aug. 27). The agreement paves the way for greater cooperation between the Brazilian Trade and Investment Promotion Agency (ApexBrasil) and the Confederation of Indian Industry , with the aim of bringing companies from both countries closer together, expanding…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}