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GS Analyst: Daily Current Affairs

28th August 2024 (12 Topics)
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India-Brazil Partnership

Context

The 9th India-Brazil Joint Commission Meeting (JCM) took place in Delhi, marking a significant moment in the bilateral relations between the two countries. The meeting highlighted the mutual support given during each other’s G20 presidencies and set the stage for discussions on various cooperative areas.

Key Highlights

  • Expanded Strategic Partnership: The strategic partnership between India and Brazil, established in 2006, now covers a broad range of areas including defence, space, security, trade, biofuels, and more.
  • Discussion Topics: The meeting addressed issues such as bilateral trade challenges, energy cooperation, biofuels, and cultural exchanges. It also touched upon multilateral cooperation in forums like the G20, BRICS, and the UN.
  • Both countries had committed to promoting a high-level dialogue between the three IBSA (India, Brazil, South Africa) partners and highlighted the strategic importance of the forum – which was created in 2003 – in protecting and advancing the interests of the Global South.
  • India-Brazil Relations/Partnership
  • Defence and Security: The partnership includes cooperation in defence, space, and security, with joint initiatives in technology and cyber security.
  • Economic Cooperation: There is substantial bilateral trade, focusing on energy, particularly biofuels, and other sectors like agriculture, health, and food processing. Brazil’s lithium industry, which has seen significant investments and advancements, offers India a reliable source of lithium. 

Fact Box:

India-Brazil Relations

  •  India-Brazil established a strategic partnership in 2006, and sought to deepen it in 2020 by agreeing to an Action Plan to Strengthen the Strategic Partnership. 
  • The two countries work together in various international forums, including platforms such as BRICS, IBSA, G4, G20, BASIC, as well as the United Nations in the wider multilateral context.

About the Grouping

  • G20: The Group of Twenty (G20) is a major international forum for the governments and central bank governors, which aims to discuss and coordinate economic policies.
    • The G20 is made up of 19 countries–Argentina, India, Australia, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, South Africa, Russia, Turkiye, UK and the US and two regional bodies: the African Union and the European Union.
  • BRICS: BRICS is a group of five major emerging economies—Brazil, Russia, India, China, and South Africa—focused on enhancing cooperation and dialogue on economic and political issues.
  • BASIC: The BASIC countries is a grouping of Brazil, South Africa, India and China.
  • G4: The G4 countries—India, Brazil, Germany, and Japan—work together to reform the United Nations Security Council, advocating for increased representation and more effective global governance.
  • India-Brazil-South Africa (IBSA): The IBSA Dialogue Forum is a tripartite grouping that was established in 2003 to promote cooperation between the three countries

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