Overview

• Officials signed three instruments: an investment‑promotion memorandum (Economy–Apex‑Brasil), an agro‑food cooperation memorandum (agriculture ministers Julio Berdegué and Carlos Fávaro), and a declaration on biocombustibles (Energy Secretary Luz Elena González and Vice President Geraldo Alckmin).
• President Claudia Sheinbaum said the effort will focus on complementarity rather than an FTA, while Economy Secretary Marcelo Ebrard outlined work to modernize existing rules, including auto rules of origin and sanitary regulation to ease trade.
• Roughly 350 business leaders from both countries took part in a Mexico–Brazil business forum to map projects and value chains in sectors such as energy, agriculture, pharmaceuticals and aerospace.
• Delegations advanced practical steps including exploring electronic visas and regulatory coordination, and a separate understanding was reached to cooperate on digital payments using Brazil’s Pix model.
• The initiative is framed as diversification of trade and investment in response to global tensions, with bilateral commerce near $14 billion last year and plans to raise it through sector‑by‑sector projects.