New Delhi witnessed a pivotal moment in Indo-Brazilian relations as President Luiz Inácio Lula da Silva declared open the inaugural office of Brazil’s ApexBrasil agency on Saturday. This development is poised to supercharge trade and investment flows between the two BRICS allies.
Lula took to social media to detail ApexBrasil’s functions—export promotion for Brazilian goods and services, coupled with luring foreign funds into priority sectors. ‘As Global South leaders, Brazil and India clocked $15.2 billion in 2025 trade, brimming with growth prospects,’ he stated.
The ceremony featured ministers and agency chief Jorge Viana by Lula’s side. His week-long visit includes a record 260+ company delegation, 14 ministers, and top CEOs, highlighting commerce as the trip’s core.
With Trump’s tariffs upending global commerce, India and Brazil are doubling down on their partnership to navigate volatility and unlock opportunities.
Lula’s speech at the AI Impact Summit delved into AI’s transformative potential for digital infrastructure and inclusive progress, paving the way for tech-centric collaboration.
Prime Minister Narendra Modi will host Lula on February 21 for wide-ranging bilateral discussions, reviewing ties across trade, energy, defense, digital realms, and interpersonal links, as per MEA. Multilateral synergies on governance and Global South matters are expected.
Rooted in 2006 strategic ties and shared values, their partnership thrives in forums like BRICS and G20. This visit could redefine economic engagement in a fragmenting world trade landscape.