Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting

The 8th Meeting of the India-Brazil Trade Monitoring Mechanism (TMM) was held in Brasília, Brazil, co-chaired by India's Commerce Secretary Shri Rajesh Agrawal and Brazil's Secretary of Foreign Trade Ms. Tatiana Lacerda Prazeres. The nations reaffirmed their commitment to deepen economic ties, setting a bilateral trade target of USD 30 billion by 2030, building on trade reaching USD 15.07 billion in 2025–26. Discussions covered the review of the India-MERCOSUR Terms of Reference, agricultural market access, pharmaceutical regulatory cooperation via the CDSCO–ANVISA MoU, trade facilitation, and coordination in multilateral forums like BRICS, the G20, and the WTO. A High Level Business Reception involving over 25 Indian businesses was also led by the Commerce Secretary.