India, Brazil Set $10 B Trade Target In Three Years

New Delhi: Looking at over three-fold increase in bilateral trade to $10 billion in three years, India and Brazil on March 26 discussed ways to help developed world cope with the economic slowdown. At a meeting between the Commerce and Industry Minister, Mr Kamal Nath, and the Brazilian Minister of Development, Industry and Foreign Trade, Mr Miguel Jorge, the two BRIC (Brazil, Russia, India, China) countries discussed measures to treble bilateral trade from the present level of $3.12 billion. Moreover, the two ministers reviewed the global economic slowdown and how the two emerging market economies can maintain their growth to avert deeper crisis in the world economy.