India and Brazil Aim for $30 Billion Trade by 2030, Sign Deals on Critical Minerals and Steel

Brief by Shorts91 Newsdesk / 03:59pm on 21 Feb 2026,Saturday Business

India and Brazil have set a target to raise bilateral trade to $30 billion by 2030. The decision was taken during talks between Prime Minister Narendra Modi and President Luiz Inacio Lula da Silva in New Delhi. The two sides also signed agreements on rare earth minerals and the steel supply chain. “Our trade is not just a figure, it’s a reflection of trust,” Modi said. Lula said the new mineral pact places “technology in service of inclusive development.” Both leaders also discussed defence, energy and digital cooperation. They agreed to study the impact of recent US tariff developments on global trade. (PC: HT)

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