At the 8th India-Brazil Trade Monitoring Mechanism meeting in Brasília, India and Brazil reaffirmed their target to double bilateral trade to $30 billion by 2030, building on $15.07 billion achieved in 2025-26. Co-chaired by Commerce Secretary Rajesh Agrawal and Tatiana Lacerda Prazeres, the delegation, including over 25 Indian businesses like Kirloskar Group, UPL, and Aditya Birla Group, focused on expanding trade in pharmaceuticals, agriculture, energy, chemicals, and machinery. Both nations committed to finalizing the Terms of Reference for the India-MERCOSUR Preferential Trade Agreement, which reached $20.84 billion in bilateral trade in 2025. On the pharmaceutical front, discussions leveraged the CDSCO and ANVISA partnership to secure predictable regulatory pathways for Indian medicines, alongside technical processes for reciprocal agricultural market access. Complementing India’s expanding global footprint, domestic coconut exports surged by 62% in FY26 to reach ₹7,038.25 crore, up from previous years. Driven by activated carbon, which generated ₹4,688.89 crore (67% of total non-coir coconut exports) across sectors like gold mining, water purification, and energy production, the export basket has broadened to include virgin coconut oil, coconut milk, and coconut water across 155 countries. The Coconut Development Board attributes this expansion to FTA-driven market access and growing global demand for plant-based foods, backed by new quality assurance standards in partnership with NABL.