New Delhi: Brazil's Ambassador to India, Kenneth Felix Haczynski da Nobrega, on Friday highlighted the growing strategic and economic partnership between the two countries, saying bilateral trade is expected to soon reach USD 20 billion, with cooperation expanding across critical minerals, defence, energy, pharmaceuticals and artificial intelligence.
Addressing an event to celebrate Brazil's National Day, the envoy said the two countries were entering a new phase of bilateral engagement ahead of the upcoming 80th anniversary of diplomatic relations, with political commitment and growing business ties providing fresh momentum to the partnership.
"Political vision and business dynamism are converging to take Brazil-India relations to a new level," he said, underlining the growing economic engagement between the two countries.
Highlighting India's emergence as Brazil's fifth-largest trading partner, the ambassador said concrete progress had also been made in negotiations to expand the trade agreement between India and the Southern Common Market (MERCOSUR).
He noted that major Brazilian companies were expanding their presence in India, with aerospace major Embraer emerging as a prominent new entrant. India's foreign direct investment stock in Brazil has also…