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India-Brazil Business Forum

Published on January 28, 2020
Current context: The inaugural session of the India-Brazil Business Forum held in New Delhi on 27th January 2020.
India-Brazil Business Forum 
  • The delegation was led by the President of the Federative Republic of Brazil, Jair Bolsonaro, and India’s Union Minister of Commerce and Industry & Railways, Piyush Goyal.
  • The India-Brazil Business Forum was organised by industry body ASSOCHAM, The Associated Chambers of Commerce and Industry of India.
  • Major decisions taken at the India-Brazil Business Forum include:
    1. India-Brazil set a target to achieve $ 15 billion trade by 2022.
    2. 15 MoUs of cooperation has been signed on investments, trade facilitation, social security, agriculture, defence and double taxation etc.
    3. Both countries welcomed the announcement for visa-free travel between the two countries.
    4. India expects to run the entire network of railways on electricity by 2024.
    5. Boost tourism and people to people interaction in various fields such as yoga and Ayurveda.
  • India and Brazil share relationship at the bilateral level as well as plurilateral fora like BRICS, BASIC, G-20, IBSA, International Solar Alliance, UN, UNESCO and WIPO.


Q.1 At the recently held India-Brazil Business Forum 2020, India-Brazil set target to achieve _____________ trade by 2022? 
a. $ 40 billion
b. $ 34 billion
c. $ 25 billion
d. $ 15 billion
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