- On the sidelines of the BRICS summit, PM Modi met Brazilian president and the 2 countries signed Memorandum of Understanding on:
- Cooperation in the field of environment.
- Cooperation in augmentation of a Brazilian earth station for receiving and processing data from Indian Remote Sensing satellites.
- Cooperation in the establishment of a consultation mechanism on mobility and consular issues.
- They also agreed to:
- Further expand and diversify trade and investment flows.
- Deepen cooperation in agriculture and dairy science, conventional and renewable energy, space research and application, defence, cyber security and environment conservation.
- Intensify cooperation in international forums and multilateral institutions, including the G 20.
- Mr. Modi, who was received at the Presidential Palace with full military honors described this BRICS summit as a historic one due to 2 main agreements – the New Development Bank and the BRICS Contingent Reserve Arrangement.
- Both countries also called for urgent progress on reforms within the UN, including the Security Council by 2015.
- Read at:http://www.thehindu.com/todays-paper/tp-national/india-brazil-to-expand-trade/article6218902.ece