A separate pact has been signed to strengthen cooperation in the energy sector – oil and natural gas – and another in the field of bioenergy. Access to this data is considered crucial for accurately striking missiles, drones and other targets. Fighting China`s influence in the region is the main theme of the trip — U.S. officials will also visit Sri Lanka, the Maldives and Indonesia in the coming days — countries that have close ties to Beijing. India`s relations with Brazil, South America`s largest country, have been on the rise in recent years. The country has a population of 210 million with an economy of $1.8 trillion. India, which imports more than 90 percent of the rare earth metals it needs from China, has tried to diversify sources. In 2016, imports from China amounted to $3.4 million. In a press release from the Ministry of Foreign Affairs, it was announced that the two sides signed the Memorandum of Cooperation between the Indian Ministry of Science and Technology and the Swedish Energy Agency and the Memorandum of Understanding between the Indian Ministry of Earth Sciences and the Swedish Ministry of Education and Research on Polar Science Cooperation. „India is determined to expand its relations with Australia at a wider and faster pace. This is important not only for our two countries, but also for the Indo-Pacific region and the world,“ Modi said in his opening speech in Hindi.
Following talks between Prime Minister Narendra Modi and Bolsonaro, the two countries signed an investment cooperation and facilitation agreement that provides a framework to increase trade and investment in high-growth areas. The two leaders acknowledged the great synergies between India and Brazil, two major economies with a combined GDP of about $4.5 trillion and a total population of $1.5 billion. Click here to read that Mint ePaperMint is now on Telegram. Join the Mint channel on your Telegram and stay up to date with the latest business news. India and Brazil on Saturday signed 15 agreements after talks between Brazilian President Jair Messias Bolsonaro and Prime Minister Narendra Modi to consolidate cooperation in areas ranging from energy and trade and investment to cybersecurity and information technology. The two sides also unveiled a „common vision for maritime cooperation in the Indo-Pacific“ and signed seven agreements focused on crucial areas such as defense and rare earth minerals. 10 key agreements were concluded between India and Belarus in the areas of skills development, entrepreneurship, agriculture, oil and gas and vocational training. India and Sweden signed three agreements on December 2 that will help the two countries work together at the frontier of science and technology and address climate change and maritime issues. The agreements were signed after the Indian delegation held talks with the Swedish team led by King Carl XVI Gustaf and Queen Silvia, who are on a four-day visit to India. „Modi and Bolsonaro agreed that the two countries could work together in the field of ethanol production. Since Brazil is a leader in this field, they would share cutting-edge technology with India in this sector.
Prime Minister Modi said it would serve India`s development goals,“ Kumar said. List of Memoranda of Understanding signed between India and South Africa at the 10th BRICS Summit India will also pay attention to its relations with Russia. So it will be interesting to see how he balances his military and strategic relations with Washington and Moscow. .