BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday his country aims to triple trade flows with India from $12 billion last year “in the short term,” without giving a more specific time frame.
Speaking alongside Indian Prime Minister Narendra Modi after a state visit in Brasilia, Lula also said Brazilian planemaker Embraer wants to strengthen its presence in India, partnering with companies there.
Lula also said that expanding a preferential trade agreement between India and South American bloc Mercosur could help reduce both tariff and non-tariff barriers that are limiting trade.
(Reporting by Ricardo BritoEditing by Brad Haynes)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.