The 7th meeting of the India-Brazil Trade Monitoring Mechanism (TMM) was held in New Delhi on 07 OCT 2025. The meeting was co-chaired by Shri Rajesh Agrawal, Commerce Secretary, Ministry of Commerce & Industry, and Ms. Tatiana Lacerda Prazeres, Secretary of Foreign Trade at the Ministry of Development, Industry, Trade and Services for the Federative Republic of Brazil. India and Brazil aim to increase bilateral trade to USD 20 billion over the next five years, building on the USD 12.19 billion in bilateral merchandise trade during FY 2024-25. Discussions covered bilateral trade and investment relations, expansion of India-MERCOSUR PTA, market and visa issues, collaborations in pharmaceuticals and healthcare, chemicals & petro-chemicals, MSME, banking & finance, promotion of industries and internal trade, and multilateral issues. The outcome of the meeting will be reviewed by the Hon'ble Vice President of Brazil and the Hon'ble Minister of Commerce and Industry of India. The release ID is 2176041.
Key Entities Referenced
India-Brazil Trade Monitoring Mechanism (TMM): Mechanism for monitoring trade relations between India and Brazil, which includes discussion and review of bilateral trade and investment relations.
Ministry of Commerce & Industry: Indian ministry responsible for commerce and industry, involved in the meeting and review.
Ministry of Development, Industry, Trade and Services: Brazilian ministry responsible for development, industry, trade and services, involved in the meeting and review.
India-MERCOSUR PTA: A preferential trade agreement between India and the MERCOSUR trading bloc, which is subject of discussion for expansion.
New Delhi: Location of the 7th meeting of India-Brazil Trade Monitoring Mechanism
Ministry of Commerce & Industry
7th meeting of India-Brazil Trade Monitoring
Mechanism held in New Delhi
Posted On: 07 OCT 2025 8:58PM by PIB Delhi
India and Brazil have been strong diplomatic partners for more than 75 years now. The two countries have
built a close and multifaceted relationship marked by shared democratic values and a commitment to
development.
During the State visit of the Hon’ble Prime Minister of India, Shri Narendra Modi to Brazil in July, 2025 and
meeting with the President of Brazil, H.E. Mr. Luiz Inacio Lula da Silva, the leaders set a target to increase
bilateral trade to USD 20 billion over the next five years. Brazil is the largest trading partner of India in the
Latin American and Caribbean region. During the FY 2024-25, the bilateral merchandise trade stood at USD
12.19 bn.
th
The 7 meeting of India-Brazil Trade Monitoring Mechanism (TMM) was held today in Vanijya Bhawan,
New Delhi. Shri Rajesh Agrawal, Commerce Secretary, Ministry of Commerce & Industry and Ms. Tatiana
Lacerda Prazeres, Secretary of Foreign Trade at the Ministry of Development, Industry, Trade and Services
for the Federative Republic of Brazil co-chaired the meeting. The institutional mechanism undersores the
commitment between India and Brazil to foster economic growth
During the meeting, both sides extensively discussed matters related to bilateral trade and outlined a roadmap
for taking it forward. The discussions included the review of bilateral trade and investment relations,
expansion of India-MERCOSUR PTA, market access issues, visa issues, sectoral collaborations in
pharmaceuticals and healthcare, chemicals & petro-chemicals, MSME, banking & finance, promotion of
industries and internal trade, multilateral issues and other matters of mutual interest.
The outcome of the meeting will be reviewed by the Hon’ble Vice President of Brazil and the Hon’ble
Minister of Commerce and Industry of India during the visit of the former to India next week.***
Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas
(Release ID: 2176041)