India and Brazil today agreed to step up efforts towards global reform, particularly of the UN Security Council. The two countries also agreed to further strengthen the bilateral strategic partnership and exploit full potential in areas such as trade, education, defence, space and nuclear energy.

During their 90-minute talks in New Delhi following the BRICS Summit, the Prime Minister Dr.Manmohan Singh and the visiting Brazilian President Dilma Rousseff also set a trade target of 15 billion dollars by 2015 and noted that bilateral trade and investment had grown by leaps and bounds.

The two sides also signed six documents to enhance cooperation in the fields of science and technology, education and culture. Noting that India and Brazil had emerged as new growth poles of the evolving global economy, Dr.Singh said he and Rousseff agreed to enhance consultations on reform of global governance system, particularly in the context of UN reforms and in the G-20 process.

The two leaders also undertook a comprehensive review of bilateral relations, including the work of the inter-governmental Joint Commission Meeting which met last December in New Delhi.Dr.Singh said he discussed various global developments with Rousseff and there was high degree of convergence in their perspectives.

Noting that the two countries shared common perspectives on environmental issues, Dr.Singh assured Rousseff of India's full support to make the Rio+20 Conference on sustainable development to be hosted by Brazil in June a success.

The two countries also decided to reconstitute the India-Brazil CEOs Forum. Bilateral trade reached an unprecedented figure of 9.2 billion US Dollars in 2011. India and Brazil also agreed to exchange experiences in the field of implementing various social welfare programmes.