Brazil, India are building strategic ties for a changing world, says Brazil’s Foreign Minister

AI Summary

The Brazilian Foreign Minister highlighted the strengthening of strategic ties between Brazil and India, noting that many countries already use local currencies for bilateral trade, as discussed in the context of BRICS alternatives to the US dollar.

On whether BRICS seeks to replace the U.S. dollar, the Brazilian envoy says the possible use of local currencies for settling part of bilateral trade is something many countries already do, and that governments do not tell companies which currency they must use