New Delhi

Sunil Barthwal, Secretary of the Department of Commerce in the Ministry of Commerce and Industry concludes his four day visit to Brazil where he co-chaired the 6th meeting of the India-Brazil Trade Monitoring Mechanism (TMM). Both ministers discussed bilateral trade matters and outlined a roadmap for its further enhancement.

Barthwal paid an official visit to Brazil from October 1 to October 4, 2023, and was accompanied by a delegation of 20 business leaders representing the Confederation of Indian Industry (CII).

According to an official statement by the Ministry of Commerce and Industry, The visit was happening in the backdrop of the sharp growth in the bilateral trade which had doubled over the last two years reaching USD 16 Billion. It was aimed at strengthening this rapidly growing commercial engagement between the two countries.

The Commerce Secretary co-chaired the 6th meeting of the India-Brazil Trade Monitoring Mechanism (TMM) on Wednesday with Secretary of Foreign Trade for the Federative Republic of Brazil, Tatiana Lacerda Prazeres in Brasilia.

The Indian delegation engaged in discussions, business meetings and explored new trade opportunities with key Brazilian organizations, including Confederation of Industries of Brazil, the Commercial Association of Sao Paulo, Federation of Industries of the State of Sao Paulo (FIESP) and industries in Rio de Janeiro demonstrating their strong commitment to boost bilateral trade and investment prospects.

Both sides extensively discussed matters related to bilateral trade and outlined a roadmap for its further enhancement, the statement said.

On the second day of his visit, the delegation participated in various trade facilitation activities aimed at nurturing the growing trade relationship between India and Brazil.