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Brazil Looks to India as Trade Ties with Argentina Deteriorate

RIO DE JANEIRO, BRAZIL - (Bloomberg) With the Asian nation expanding around 7 percent a year over the past decade, Brazil sees a huge potential for its exports of food and commodities, according to Marcos Troyjo, the special secretary of foreign trade and international relations at the Economy Ministry.

“International experience shows us that people eat more and invest in infrastructure when their income doubles,” Troyjo said in an interview in Brasilia.

Brazil sees a chance to increase its US$7 (R$28) billion in annual bilateral trade with India to US$25 billion in the next few years.

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