Minister Antonio de Aguiar Patriota will co-chair, with the Minister of Foreign Affairs of India, S. M. Krishna, the 5th Meeting of the Brazil-India Joint Commission on Political, Economic, Scientific, Technological and Cultural Cooperation, to be held in New Delhi on 12 December 2011.
The Brazil-India Joint Commission was established in 2002 to explore possibilities for bilateral cooperation in several sectors and to strengthen dialogue on issues in the multilateral agenda.
Brazil and India are countries with similar views regarding social and economic development. The convergence of interests is displayed by their cooperation in the international scenario, in the UN and in groups such as IBSA, BRICS, BASIC and G20. India will organize the 4th BRICS Summit, to be held in New Delhi on 29 March 2012.
India-Brazil relations offer a great potential for enhancing trade and investments between both countries. Trade exchange increased 630% in the last eight years, from US$ 1.2 billion in 2002 to US$ 7.7 billion in 2010. From January to October 2011, bilateral trade flow reached US$ 8.05 billion.