INDIA BRAZIL TRADE RELATIONS
India-US trade deal enters fine-tuning stage as most talks conclude, says Piyush Goyal
India and the US are refining their bilateral trade agreement after concluding most discussions on the deal. Commerce Minister Piyush Goyal indicated significant progress has been made towards finalizing the agreement. Recent talks have involved high-level meetings between officials from both nations, focusing on tariff reductions and trade frameworks. Goyal is currently leading a significant delegation to the Netherlands and Germany to promote bilateral business ties.
India’s ‘dear friend’ is back in power in Brazil, and a $30 billion trade opportunity is on the table
Prime Minister Narendra Modi congratulated Brazilian President-elect Luiz Inácio Lula da Silva on his re-election, pledging to deepen the India-Brazil Strategic Partnership. Bilateral trade rose 25% to $15.21 billion in 2025, with Lula setting a target of $30 billion.
Israel votes tomorrow: What’s at stake for India as Bibi faces tough fight
Israel's elections on October 27 will significantly affect the country's relationship with India. More than just political outcomes, defense and trade agreements will be critical in bilateral ties. India aims to maintain cooperation regardless of the election's outcomes or the new leadership in Israel. The balance between Israel and Iran remains essential for India's regional strategy and economic interests.
Lula wins a historic fourth term, but Bolsonaro's refusal to concede clouds Brazil's political future
Senator Flavio Bolsonaro has questioned the legitimacy of President Luiz Inacio Lula da Silva's election results following the recent elections. Despite trailing by over 4 million votes, Bolsonaro plans to challenge the results, which is unlikely to succeed. Lula's victory defies both polling predictions and global sentiments against incumbents in Latin America. However, Lula faces numerous challenges with a Congress that includes many Bolsonaro supporters.
Brazil stock market to crash today? What Lula’s surprise victory in elections means for emerging markets, commodities
Brazil’s stock market faces a potential sharp selloff after President Luiz Inácio Lula da Silva’s surprise election victory dashed investor hopes of a change in government and fiscal policy. Analysts warn of possible circuit breakers as the real weakens and soybean futures slide, with emerging markets also watching the fallout.
BRICS Parliamentary Forum: Om Birla says parliaments can ease global tensions, build trust among nations
Om Birla highlighted the essential role parliaments play in fostering cooperation and dialogue among nations. He spoke at the 12th BRICS Parliamentary Forum held in New Delhi. Birla addressed several global challenges including wars, economic instability, and climate change that transcend borders. He emphasized the importance of mutual understanding in reducing tensions and resolving global issues. India became the chair of the forum during the 11th meeting in Brazil.
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'Brazil is no one's backyard': Re-elected Brazilian president Lula da Silva
Luiz Inácio Lula da Silva has recently been re-elected as the President of Brazil. During his victory speech, he emphasized Brazil's status as an independent nation. Lula stated that the new government will reform the administrative system significantly. He aims to enhance public involvement in the decision-making processes that affect them.
‘We will continue to strengthen our cooperation’: PM Modi congratulates Brazilian President Lula on re-election
Prime Minister Narendra Modi congratulated President Luiz Inácio Lula da Silva on his re-election in Brazil. Modi expressed his eagerness to enhance the India-Brazil Strategic Partnership and broaden collaboration across various sectors. The two leaders discussed their commitment to addressing shared priorities within the Global South. Modi emphasized their goal of creating a more inclusive and sustainable world together.
Lula beats Trump-aligned Bolsonaro in Brazil Presidential election: What happens next for US ties and the Amazon
In a decisive victory, Luiz Inácio Lula da Silva has clinched the presidency of Brazil for the fourth time, signaling a potential shift in the nation’s diplomatic ties with the United States under Donald Trump. Lula's agenda includes combatting Amazon deforestation, a stark departure from Bolsonaro's environmental stance. Meanwhile, Flávio Bolsonaro seeks to uphold his father's political legacy.
Brazil election 2026: Flavio Bolsonaro refuses to concede, says he will seek annulment of vote after Lula's win
Brazilian Senator Flavio Bolsonaro has refused to concede defeat to President Luiz Inacio Lula da Silva and said he would seek to annul the presidential runoff. Bolsonaro called a Supreme Court justice’s decision to extend voting by two hours “unacceptable”, challenging the conduct of an election that secured Lula a fourth non-consecutive term.
Brazil presidential election results: Five economic challenges facing re-elected President Lula
Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.
‘Very high’ expectations from India-EU FTA, says Rotterdam port chief
Boudewijn Siemons, CEO of the Port of Rotterdam, expressed high expectations for the India-EU free trade agreement. He highlighted the importance of collaboration between ports and nations to facilitate global trade. Siemons conveyed his optimism about increased business opportunities between Europe and India. Negotiations for the free trade agreement have concluded, with hopes to sign it by year-end. The implementation of the agreement is anticipated for next year.
Lula, Bolsonaro trade barbs over cost of living in final debate before Brazil runoff
Brazilian Senator Flavio Bolsonaro and President Luiz Inacio Lula da Silva engaged in a heated debate on cost of living. Both candidates aimed to win over undecided voters ahead of a tight election runoff. Bolsonaro criticized Lula's past while emphasizing his proposals for security and welfare. Lula defended his minimum wage increases and highlighted progress in reducing hunger in Brazil.
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
India, Poland push for stronger trade and defence ties
India and Poland are strengthening their collaboration in various sectors, particularly defence and space. Prime Minister Narendra Modi and Polish counterpart Donald Tusk discussed trade enhancement and global governance reforms. Both leaders expressed concern over the ongoing war in Ukraine and its humanitarian impact. They emphasized the importance of a comprehensive peace in line with international law. Tusk reiterated Poland's support for India's position in global forums like the UN.
India-EU trade deal could become operational in early-2027, Piyush Goyal says
India's trade minister Piyush Goyal announced that the EU FTA is expected to be signed soon. After signing, the FTA could be operational within four to five months. The deal aims to boost market access and bilateral trade between India and the EU significantly. Goyal emphasized the importance of collaboration in various sectors to maximize mutual benefits.
‘It's never done till it's done’: Jaishankar on India-US trade deal
India's External Affairs Minister S. Jaishankar confirmed the progress towards a bilateral trade agreement with the US. Negotiating teams are working to finalize outstanding issues that could pose challenges ahead. US Secretary of State Marco Rubio also emphasized that both countries are very close to concluding the deal. Discussions have included various sectors such as trade, energy, and technology partnerships.
PM Narendra Modi, Polish counterpart Donald Tusk agree to boost India-Poland ties in defence, space and nuclear energy
Prime Minister Narendra Modi announced new measures to promote cooperation with Poland in several key areas. These areas include defence, space, and nuclear energy, aiming to strengthen ties between the two nations. Modi emphasized the importance of the India-European Union Free Trade Agreement in broadening partnership opportunities. He highlighted India's growing economic strength over the last two years, which further supports this partnership.
India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, Canada
New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.
Meta's board signals 'recurring' failures in election content moderation
The oversight board for social media giant Meta said Tuesday it found "recurrent enforcement failures" in content moderation related to the US midterm elections and Brazil's presidential election. The identified failures were often cases of "over-enforcement that suppresses political speech, and under-enforcement that undermines electoral integrity," said the board, which independently checks moderation on Meta's Instagram, WhatsApp and Facebook platforms.
India-US trade deal ‘pretty close’, Trump says; will be very different from earlier pacts
The US and India are reportedly close to finalizing a new trade deal. President Donald Trump indicated that this deal would be significantly different from prior agreements. Secretary of State Marco Rubio's visit to India aims to strengthen various bilateral relations. Commerce Minister Piyush Goyal recently engaged with US Trade Representative Jamieson Greer to discuss the trade deal. The discussions follow the recent framework finalization of the bilateral trade agreement.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
US very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
Sugar stocks Balrampur Chini, Bajaj Sugar, others crash up to 7% as centre stops diversion to ethanol
Sugar stocks dropped in early trading following the government's directive to cease sugar diversion for ethanol production. The decision impacts major sugar companies like Balrampur Chini Mills and Bajaj Hindusthan Sugar, which experienced a decline between 2% and 7%. This directive aims to enhance domestic sugar availability amidst rising prices. The government's action follows concerns about potential production shortfalls due to insufficient rainfall.
India, US lock first phase of trade pact; legal drafting underway: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced the finalization of the first phase of the India-US trade pact. This phase is currently undergoing legal drafting, with hopes for quick finalization and operationalization. He emphasized the need for India to secure a competitive advantage over its peer countries before implementation. Additionally, Goyal stated the free trade agreement with the European Union will be signed in December.
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