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  • Brazil President Lula Backs India-Led Trade Reform, Digital Currency Push, EU Pact | Mercosur Summit
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Brazil President Lula Backs India-Led Trade Reform, Digital Currency Push, EU Pact | Mercosur Summit

301 views | Jul 04, 2025, 01:47:34 PM | TOI.in
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India is now at the center of Latin America's economic future. At the Mercosur Summit, Brazilian President Luiz Inacio Lula da Silva called for the bloc to pivot toward Asia, highlighting India among top partners, and urged the creation of a digital payment system using local currencies to reduce reliance on the dollar. The remarks come as PM Modi strengthens ties with Brazil and other Mercosur nations through defence, tech, and trade missions. With 72 Brazilian business delegations visiting India in 2 years, the momentum is historic. Lula and Modi share visions on UNSC reform, BRICS-led economic realignment, and a $20 billion trade target. Meanwhile, Uruguay and Bolivia echoed calls for openness, equity, and geopolitical balance. Is India about to become Mercosur’s most strategic Asian ally?#pmmodi #narendramodi #modiinbrazil #india #brazil #indiamercosur #bricscurrency #luladasilva #digitalpayment #euradeal #braziltrade #brics #globaltrade #southsouth #toi #toibharat #bharat #trending #breakingnews #indianews

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