Minister goes to India in search of expanding trade in defense, technology and industry; Brazil wants to reduce the effect of US tariffs

In this context, members of the government have advocated that Brazil and Mercosur (a bloc of which the country is part) seek new trade agreements, for example, with China, Canada and Japan. "At a time when the world is going through a wave of restrictive measures on global trade, Brazil remains faithful in defending multilateralism and in the search for new markets for Brazilian companies and products", stated Marcio Elias Rosa, in a note. “India is the second largest consumer market in the world and a major trading partner for Brazil, with whom we will maintain, in 2025, a trade flow of more than US$15 billion”, added the minister. According to the MDIC, during the trip, the minister will have schedules in Mumbai and New Delhi. In these cities, you will meet with businesspeople from sectors such as energy, infrastructure, consumer goods and fertilizers. In the case of fertilizers, the federal government estimates that Brazil imports more than 90% of the volume consumed on the domestic market. Of this total, half comes from two countries: Russia and China. In this scenario, Brazilian authorities have been looking for new commercial partners in the field of fertilizers to try to reduce Brazil's dependence on Russia and China, which in times of war can reduce production to Brazil, which could harm Brazilian agribusiness. Recently, the Minister of Foreign Affairs, Mauro Vieira, was in Uzbekistan and Kazakhstan, looking for new fertilizer suppliers. Minister of Development, Industry, Commerce and Services, Márcio Elias Rosa, during the “Good Morning, Minister” program, at EBC Júlio César Silva/MDIC Brics Still during the trip to India, Márcio Elias Rosa will also go to Jaipur, where he will attend the meeting of ministers from Brics, a group of emerging countries that brings together, in addition to Brazil, countries such as China, Russia and India itself. The Brics countries have been making moves in recent times to expand the group, in an attempt to increase commercial partnerships and reduce the economic dependence of some countries on the United States. “At these meetings, we will seek to strengthen economic and commercial dialogue, identify opportunities to expand bilateral trade and promote greater integration between Brazilian companies and markets considered strategic”, stated Márcio Elias Rosa.