Goyal: Lula's India Visit a 'Defining Moment' for FTA Push, AI Partnership

• Brazilian President Lula's visit to India is seen as a turning point for ties between the two democracies, focusing on business, trade, and emerging technologies.
• Commerce Minister Piyush Goyal highlighted Brazil's role as a strong voice of the Global South and emphasized expanding bilateral engagement across various sectors.
• Lula noted the rapid growth in economic ties, with bilateral trade reaching $15 billion last year, but stressed the huge untapped potential.
• Goyal underscored India's expanding global trade footprint through nine FTAs and ongoing negotiations, aiming to boost domestic industry and international competitiveness.
• Both leaders emphasized job creation, joint value chains, and the need for emerging economies to shape their own growth trajectories.