Geared by its leadership of the G20 summit held in New Delhi, Prime Minister Narendra Modi met with President Luiz Inácio Lula da Silva of Brazil to reaffirm their commitments to strengthening bilateral ties and global cooperation.
Emphasized during the meeting were areas of extreme strategic importance like economic growth, climate change, digital transformation, and sustainable development.
Key Developments from Meeting
Strengthening Bilateral Relations
Both leaders discussed enhancing trade and investment opportunities between Brazil and India. Lula expressed his desire to continue the momentum that India has set in boosting global economic stability and inclusive development as he will assume the G20 presidency.
Climate Change Agenda
Both governments emphasised the urgency of climate change and the need for teamwork in clean energy transitions and environmental sustainability.
In particular, both countries reaffirmed their commitment to reducing their carbon footprints, each considered important developing economies in the South.
Digital Transformation and Innovation
Prime Minister Modi and President Lula underscored the potential of digital technologies for inclusive growth. They explored possible collaborations in the fields of artificial intelligence, digital finance, and cybersecurity so as to bridge the digital divide and augment access to technology in both countries.
Special Achievements under India’s G20 Presidency
Under India’s presidency, the G20 focused on inclusive global growth, resilient adaptation to climate change, and rebuilding robust public digital infrastructure.
Under Mesh Modi’s leadership, India has assumed the role of an intermediary whose position could balance variability between the developed world and the developing nations.
He also urged for the organisation of a virtual G20 summit to speak on ongoing priorities before the presidency is officially handed over to Brazil.
Visions of Brazil’s G20 Presidency
President Lula announced the intended agenda of Brazil for the next G20 term, with a tough focus on the eradication of poverty, climate justice, and making global trade systems fairer.
He commended India initiatives and expressed a desire to expand on the framework that had been established.
Broad Implications for Global Cooperation
The Modi-Lula meeting epitomises India and Brazil’s joint goals to strengthen South-South cooperation and reform the structure of global organisations such as the UN and the WTO.
Their partnership serves as a united voice for the Global South on several vital international issues.
Following the established principle from the G20 Summit, Brazil-India collaboration would set the precedent for cooperative partnerships across various sectors.
As Brazil gears up to lead the G20 in 2025, both countries are built and poised to effect significant change-from economic equality to climate action.
