India, Brazil to expand trade

Pacts on environment, remote sensing signed

July 17, 2014 03:52 am | Updated November 16, 2021 05:35 pm IST - NEW DELHI

Prime Minister Narendra Modi met Brazilian President Dilma Rousseff in Brasilia on Wednesday as the two countries signed agreements on cooperation in the field of environment and remote sensing on the sidelines of the sixth BRICS summit on Wednesday.

The two met over breakfast on Wednesday after President Rousseff received Mr. Modi at the Presidential Palace with full military honours.

During the meeting, the two heads of nations agreed to take steps to further expand and diversify trade and investment flows and deepen cooperation in agriculture and dairy science, conventional and renewable energy, space research and application, defence, cyber security and environment conservation.

They also agreed to intensify cooperation in international forums and multilateral institutions, including the G20.

Thanking President Rousseff for hosting a successful BRICS summit, Mr. Modi described it as a historic one, for the two important agreements — the New Development Bank and the BRICS Contingent Reserve Arrangement — it resulted in.

As leaders of G4 countries, Mr. Modi and Ms. Rousseff called for urgent progress on reforms within the United Nations, including the Security Council, by the year 2015, which will mark the 70th anniversary of the U.N.

Mr. Modi hoped he would be able to visit Brazil on a full bilateral visit soon and invited Ms. Rousseff to India.

The two sides signed Memoranda of Understanding on environment; on cooperation in augmentation of a Brazilian earth station for receiving and processing data from Indian Remote Sensing satellites; and on cooperation in the establishment of a consultation mechanism on mobility and consular issues.

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