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4h ago

Mexico and Brazil Open Drive for Expanded Trade as Brazil’s Alckmin Leads Business Mission

Officials set the stage for talks to widen their trade pact, prioritizing pharmaceuticals, agroindustry, biofuels, plus aerospace.

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El vicepresidente participará mañana miércoles en el Encuentro Empresarial México-Brasil.
El presidente brasileño Lula da Silva y la presidenta de México, Claudia Sheinbaum, durante la cumbre del G-20 de Río en julio
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Overview

  • Brazilian Vice President Geraldo Alckmin arrived at AIFA on Aug. 26 for a two‑day visit that includes a meeting with President Claudia Sheinbaum on Aug. 28 at the National Palace.
  • He is accompanied by multiple ministers and about 150 business leaders for a Mexico–Brazil business forum organized with CCE, COMCE and Apex‑Brasil.
  • Both governments signaled plans to launch negotiations to broaden their bilateral trade agreement, with the process in early stages and no deal concluded.
  • Officials cited 2024 two‑way trade of roughly $13.6 billion and notable cross‑border investment flows as grounds for deepening ties.
  • Mexico’s foreign ministry signed a memorandum of understanding with Brazil’s central bank to explore cooperation tied to the Pix instant payments system.