India-Brazil joint commission meet Dec 11-13December 8th, 2011 - 11:08 pm ICT by IANS
New Delhi, Dec 8 (IANS) India and Brazil will hold their joint commission meeting here Dec 11-13 when the two sides will discuss the entire gamut of their strategic partnership, including political, economic, defence and energy security issues.
Brazil’s Foreign Minister Antonio Patriota will lead a 20-member delegation that will meet with Indian officials led by External Affairs Minister S.M. Krishna here on Dec 12, a ministry of external affairs release said here Thursday.
“During the joint commission meeting on Dec 12, both sides will discuss the entire gamut of India-Brazil strategic partnership including political, economic and commercial, agriculture, science and technology, defence, culture, and hydrocarbon sectors. They will also exchange views on regional developments and international matters of common interest,” the release said.
Diplomatic relations between India and Brazil were established in 1948. Both countries enjoy cordial and friendly relations, which are characterised by regular exchange of visits at all levels, shared values and commonality of interests.
“The mutually beneficial strategic partnership covers a wide range of our relations. India and Brazil maintain close contacts in the multilateral fora, in particular in the UN, World Trade Organisation and G-20. Cooperation through India-Brazil-South Africa (IBSA), BRICS and BASIC is another dimension of our relations,” the release added.
Indian Prime Minister Manmohan Singh had met Brazilian President Dilma Rousseff on the margins of the IBSA summit in Pretoria, South Africa, in October this year.
Brazil is the largest trading partner of India in the Latin American and Caribbean regions. Bilateral trade between the two countries has grown significantly from $828 million in 2000 to $7.7 billion in 2010.
India’s exports are valued at $4.2 billion and imports at $3.5 billion. From January to October 2011, bilateral trade has recorded $8.01 billion.
Indian companies have made significant investments in Brazil which are estimated at $2.5 billion in the fields of agriculture, information technology, pharma, manufacturing, and hydrocarbons.
Indian Culture Centre was established in May 2011 in Sao Paulo, to boost people-to-people relations.
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