IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,833.08 ▲ 0.49% MERVAL 3,106,216 ▲ 1.86% COLCAP 2,489.31 ▲ 0.77% BVL PERÚ 59,515.48 ▲ 0.34% USD/BRL5.09▼ 1.21% USD/MXN16.97▼ 0.13% USD/CLP937.36— 0.00% USD/COP3,149▼ 1.85% USD/PEN3.36▼ 0.12% USD/ARS1,511▼ 0.15% USD/UYU40.24▲ 1.21% USD/PYG5,885▲ 1.38% USD/BOB12.20▲ 4.46% USD/DOP58.55▲ 0.49% USD/CRC445.58▲ 1.89% USD/GTQ7.63▲ 2.07% USD/HNL26.83▲ 1.45% USD/NIO36.62▲ 0.20% USD/VES802.80▲ 0.33% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.66▲ 0.93% EUR/BRL5.90▼ 1.84% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,205.09 ▲ 3.05% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,833.08 ▲ 0.49% MERVAL 3,106,216 ▲ 1.86% COLCAP 2,489.31 ▲ 0.77% BVL PERÚ 59,515.48 ▲ 0.34% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Thursday, September 3, 2026

Brazil BRICS Expansion News

Modi’s Brazil Visit Shows BRICS Wants More Control Over Trade

By · July 6, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Indian Prime Minister Narendra Modi arrived in Brazil on July 5, 2025, for the BRICS Summit and a state visit with President Lula da Silva.

This marks the first time an Indian leader has made an official bilateral visit to Brazil in nearly 60 years.

Modi’s trip highlights how India and Brazil want to build stronger business ties and rely less on traditional Western markets.

Modi and Lula plan to talk about increasing trade, investing in renewable energy, and working together on new farming technology.

Both countries want to make deals that help their own economies grow. They focus on practical results, like creating jobs and sharing technology, rather than on political speeches.

The BRICS group, now with new members like Saudi Arabia and the UAE, controls a bigger part of the world’s economy and population.

Modi’s Brazil Visit Shows BRICS Wants More Control Over Trade
Modi’s Brazil Visit Shows BRICS Wants More Control Over Trade
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Leaders at the summit want to make it easier to trade directly with each other and invest in each other’s countries. They also want to protect themselves from global economic shocks by working together.

Before coming to Brazil, Modi met Argentina’s President Javier Milei. They agreed to look for new ways to trade, especially in minerals, medicines, and energy.

Modi’s Brazil Visit Shows BRICS Wants More Control Over Trade

Both leaders want to speed up business deals and make it easier for companies from their countries to work together.

India and Brazil have met several times at big international meetings in the past two years. These repeated talks show they are serious about building a closer partnership.

The BRICS group’s expansion also shows that more countries want more say in how global trade works.

Rio BRICS Summit Falters as Key Leaders Stay Away, Exposing Weakness in Brazil’s Leadership

This visit is not about making hefty promises or political statements. Modi and his partners want to make real deals that help their people and businesses.

They want to build a new economic system where they have more control and can create their own opportunities.

The main story is simple: India, Brazil, and other BRICS countries want to shape global trade for their own benefit.

They use these meetings to make practical agreements that bring jobs, technology, and growth to their countries.

This new approach could change how the world does business in the years ahead.

📌 Read our complete guide: BRICS in 2026: Complete Guide to the 11-Nation Bloc Reshaping Global Trade

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.