India-Brazil trade growing fast

New York Daily News, 11/09/2012

Trade between India and Brazil, part of the BRICS group of the world’s emerging economies, is growing at an amazing 35 percent per annum despite an economic slowdown in both the countries and the physical distance between them, Brazil’s ambassador to India has said.

Implementation of an air services agreement between the two is expected to bridge that distance and give a shot to the trade dynamism, a seminar here was told.

“There is a dynamism in trade that reflects the potentialities of both the countries,” Carloa Duarte said at a seminar here Thursday on doing business with Brazil organised by the Indo-Brazil Chamber of Commerce along with state-run Federation of Indian Export Organisations (FIEO).

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