Lula, Sheinbaum Move Brazil–Mexico Cooperation Forward on Trade, Ethanol, COP30

Overview

• Lula reaffirmed Brazil’s readiness to pursue a new commercial agreement to deepen economic ties with Mexico.
• Sheinbaum requested Brazilian assistance to expand ethanol production to meet Mexico’s rising domestic demand.
• The Mexican leader also sought cooperation on social programs aimed at combating hunger and poverty.
• Alicia Bárcena, Mexico’s environment minister, will represent the country at COP30 in Belém this month.
• Both sides flagged the Mexican foreign minister’s visit to Brazil at the end of November as the next step, while reports note Mexican resistance to a broader trade pact.