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India Boosts Trade Ties with Tajikistan, Cambodia; Eyes $15B Brazil Partnership

Union Minister Piyush Goyal held separate meetings with ministers from Tajikistan and Cambodia to strengthen bilateral trade and investment, focusing on sectors like textiles, IT, and pharmaceuticals. He also highlighted the India-Brazil partnership, noting a 25% growth in bilateral trade to $15 billion, which he described as suboptimal with room for greater ambition. Goyal emphasized that India and Brazil are natural partners with a multi-faceted strategic partnership spanning health, energy, defense, and technology. He expressed confidence in expanding cooperation under frameworks like BRICS, G20, and the WTO for shared prosperity.

Key Points: India Expands Trade with Tajikistan, Cambodia; Brazil Trade Hits $15B

  • Expand trade with Tajikistan & Cambodia
  • Focus on textiles, IT, pharma, minerals
  • India-Brazil trade up 25% to $15B
  • Target deeper economic cooperation
  • Partnerships span BRICS, G20, WTO
2 min read

Union Minister Piyush Goyal meets ministers from Tajikistan and Cambodia to expand bilateral trade and investment ties

Piyush Goyal meets ministers to boost trade & investment in textiles, IT, pharma. India-Brazil trade grows 25% to $15B, aiming higher.

"India and Brazil are natural partners. Our relationship is built on the foundation of democracy, diversity and shared aspirations for development. - Piyush Goyal"

New Delhi, February 23

Union Minister of Commerce and Industry Piyush Goyal held high-level discussions with ministers from Tajikistan and Cambodia to expand bilateral trade and investment ties across multiple sectors. The meetings focused on deepening economic cooperation and unlocking new business opportunities between India and these nations. Goyal detailed the scope of these international partnerships on X.

"Held a productive meeting with Mr. Sherali Kabir, Minister of Industry and New Technologies, Tajikistan. We discussed expanding overall bilateral trade and strengthening investment ties, with a focus on key sectors including textiles, IT, pharmaceuticals, food processing, critical minerals, and tourism. Committed to unlocking new opportunities for businesses and deepening economic cooperation between our two countries," Goyal said on X.

In a separate post on X, Minister Goyal detailed his meeting with his Cambodian counterpart. "Had a productive discussion with @C_Nimul, Minister of Commerce of Cambodia. We explored avenues to further strengthen the growing trade and investment partnership between both sides. With increasing collaboration across sectors, we also explored the potential to diversify cooperation to unlock greater opportunities for our people and businesses"

Earlier on Saturday, Goyal highlighted the expanding cooperation between India and Brazil across sectors. Referring to the growth in bilateral trade by 25 per cent in the past year to reach USD 15 billion, he described the current level as suboptimal and called for greater ambition in further strengthening economic engagement between the two countries.

Referring to higher benchmarks set by President Luiz Inacio Lula da Silva and Prime Minister Narendra Modi, he expressed confidence that both nations can grow faster, grow bigger and grow together for shared prosperity.

Highlighting the India-Brazil partnership, the Minister said, "India and Brazil are natural partners. Our relationship is built on the foundation of democracy, diversity and shared aspirations for development. We have a strong, multi-faceted strategic partnership driven by people-to-people ties and expanding cooperation across sectors. Brazil is India's largest trading partner in Latin America and the Caribbean region. We are also expanding cooperation in health and pharma, energy, including renewable energy, critical minerals, defence, the aviation sector, and there is significant growth in our collaboration in science and technology, digital public infrastructure, and artificial intelligence."

Goyal also emphasised the broader dimensions of the partnership, including South-South cooperation and collaboration under BRICS, IBSA, the G20 and the World Trade Organization (WTO). He expressed confidence in the bright future of bilateral ties.

- ANI

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Reader Comments

S
Sarah B
Good to see diplomacy focused on economic growth. Partnerships in IT and critical minerals are forward-looking. Hope this translates to real opportunities for SMEs and startups, not just big corporations.
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Priya S
While expanding global ties is important, I hope the government is equally focused on strengthening our domestic manufacturing base. Trade deals should benefit our local industries and create jobs here.
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Vikram M
The mention of tourism with Tajikistan is interesting. We have strong historical and cultural links with Central Asia. Promoting people-to-people contact through tourism can build a stronger foundation than just trade.
R
Rohit P
$15 billion with Brazil is good, but as the Minister said, it's sub-optimal. Both are large economies with so much potential. Faster growth together is the need of the hour, especially in renewable energy and tech.
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Michael C
The multi-platform approach (BRICS, G20, WTO) is smart. It shows India is serious about being a key player in shaping the global economic order, not just participating in it. The South-South cooperation angle is particularly significant.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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