Khurshid will co- chair the Sixth India- Brazil Joint Commission Meeting (JCM) with his counterpart Luiz Alberto Figueiredo in Brasilia .
During the JCM, both sides will discuss the entire gamut of India-Brazil Strategic Partnership including Political, Economic and Commercial, Agriculture, Science and Technology, Defence, Cultural, Hydrocarbon, etc. They will also exchange views on regional developments and international issues of common interest.
Diplomatic relations between India and Brazil were established in 1948. Both countries enjoy cordial and friendly relations, which are characterized by regular exchange of visits at all levels, shared values and convergence of views on issues of mutual interest. President of Brazil Ms Dilma Rousseff paid a State Visit to India in May 2012 while Prime Minister Manmohan Singh participated in the Rio + 20 Summit in Rio de Janeiro in June 2012.
Brazil is an important trading partner of India in Latin America and Caribbean. Bilateral trade has grown significantly from USUSD 828 million in 2000 to USUSD 10.6 billion in 2012-13.
India's exports are valued at USUSD 6 billion and imports at USUSD 4.6 billion. Indian companies have made significant investments in Brazil which are estimated at USUSD 2.5 billion in the fields of agriculture, IT, pharma, manufacturing, hydrocarbons, etc.
External Affairs Minister will also chair the annual Latin American and Caribbean (LAC) Regional Heads of Indian Mission (HOM) Conference in Rio de Janeiro on 16-17 Oct 2013.
--IBNS (Posted on 11-10-2013)