In 2015, the country exported to India US $ 3.1 billion and imported US $ 2.4 billion, with a surplus of US $ 678 million
Minister of Industry, Foreign Trade and Services, Marcos Pereira, received the Minister of Road Transport and Chemical and Fertilizer Products of India, Mansukh L. Mandaviya. On the agenda, the possibilities of expanding trade and bilateral investments. The meeting also reinforced the strategic partnership that already exists between the two countries.
Marcos Pereira said that there is scope to intensify bilateral cooperation through the extension of the Mercosur-India Preferential Trade Agreement (GPA), which includes 450 tariff lines offered by India and 452 items by Mercosur, with preference margins of 10%, 20 % Or 100%.
India showed interest in initiating discussions to expand the agreement, and the MDIC held a public consultation to map the interests and sensitivities of the Brazilian productive sector. Last year, the parties exchanged lists of requests. "We are committed to moving forward to the conclusion of the extension of the agreement. Brazil is in a more open moment and is doing business with other parts of the world, "said Marcos Pereira.
The Brazilian minister also cited the Brazil-Indian Investment Facilitation and Cooperation Agreement (ACFI), which was initialed during the BRIC summit meeting, which brings together Brazil, Russia, India, China and South Africa last year.
In 2015, Brazil exported US $ 3.1 billion to India and imported US $ 2.4 billion, with a surplus of US $ 678 million. Last year, the main products exported to the Indian market were sugar (28%), crude oil (21%), crude soybean oil (12%) and copper ore and concentrates (7.2%). . Among the main products imported from India in 2015 are heterocyclic compounds (11%), insecticides, formicides and herbicides (10%), medicines (8%), synthetic textile yarns (8%) and fuel oils (8%).
Source: Portal Brasil, with information from MDIC