Brazil and India 'to boost trade'

BBC NEWS | Business
Brazil and India 'to boost trade'
Brazil and India plan to strengthen their trade ties significantly, after meetings between political leaders.

The two developing nations aim to increase bilateral trade three-fold, to reach $10bn (£5bn) by 2010, from $2.4bn in 2006, reports the Associated Press.

Brazilian President Luiz Inacio Lula da Silva also called for co-operation on defence, nuclear energy and oil.

Both nations have been strong voices in trying to boost the role of developing nations in international trade.