Brazil-India should look beyond $10 bln trade target;Kamal Nath

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New Delhi, Mar 26 (UNI) Expressing confidence that India and Brazil will achieve trade target of 10 billion dollars by 2010, Commerce and Industry Minister Kamal Nath today urged corporates of the two nations to look beyond this, and explore further opportunites.

Describing the two emerging economies as engines of growth in the changing world economic scenario, he urged the business community in the two countries to work more closely to realise the immense potential this offers.

Speaking at "India-Brazil; partners for Growth" organised by the Confederation of Indian Industry (CII) here, he said when India and Brazil partnered as members of G-4 during negotiations at the World Trade Organisation, the tone of the global trade body changed. It is, therefore, imperative the two countries strengthened their partnership to derive advantage for developing countries at WTO.

Endorsing him, Brazil Development, Industry and Foreign Trade Minister Miguel Jorge said "excellent diplomatic relations (between the two nations) must now lead to deeper economic relations and commerce between them".


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