Over fifty Indian firms active in Brazil in oil, mining, IT, and pharma

This document records the agreed minutes of the Sixth Meeting of the Brazil-India Joint Commission, held in Brasilia in October 2013, where the two countries reaffirmed their strategic partnership and reviewed progress in political, economic, and cultural cooperation.

The agreement involves the Federative Republic of Brazil and the Republic of India. It concerns the Ministries of External Relations (Brazil) and External Affairs (India), the Ministry of Commerce and Industry (India), the Ministry of Development, Industry and Foreign Trade (Brazil), and sectors including trade, energy, mining, information technology, pharmaceuticals, automotive, and customs.

• Reaffirmed commitment to achieve US$ 15 billion in bilateral trade by 2015.
• Welcomed the signature of a protocol amending Article 26 of the Brazil-India Double Taxation Avoidance Agreement regarding exchange of information.
• Expected exchange of notes on the ratification of the Agreement on Mutual Assistance on Customs Matters.
• Welcomed the signature of the Agreement on the Transfer of Sentenced Persons.
• Renewed the Agreement on Cooperation between diplomatic academies (Foreign Service Institute and Instituto Rio Branco).
• India offered Brazil the status of Partner Country for the India International Trade Fair (IITF 2014) in Delhi.
• Brazil committed to hosting the next BRICS Summit in 2014.
• Both sides supported the reform of the UN Security Council and IMF governance.

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