The first ever IBSA Summit was held in Brasília in September 2006 , followed by the Second IBSA Summit held in Pretoria in October 2007 , with the third one held in New Delhi in October 2008 . The fourth IBSA meet was again hosted in Brasília , just before the second BRIC summit . Four IBSA Trilateral Commission meetings were already held till 2007 since the first one was held in 2004 and had covered many areas such as science , technology , education , agriculture , energy , culture , health , social issues , public administration and revenue administration . The target of US$ 10 billion in trade was already achieved by 2007
fourth IBSA meet
2010 IBSA summit
Brazil–India relations