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1h ago

Mexico and Brazil Sign Investment, Biofuel and Agro Pacts as Alckmin Leads Business Drive

The measures signal a diversification push under U.S. tariff pressure, with talks to broaden the bilateral trade framework under consideration.

El canciller Juan Ramón de la Fuente al lado del vicepresidente brasileño, Geraldo Alckmin
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El vicepresidente de Brasil, Geraldo Alckmin, fue recibido en el AIFA por el canciller de México, Juan Ramón de la Fuente
El vicepresidente participará mañana miércoles en el Encuentro Empresarial México-Brasil.

Overview

  • During a two-day visit to Mexico City, Brazil’s vice president oversaw the signing of an investment-promotion memorandum, a biocombustibles cooperation declaration, and an agro‑food cooperation memorandum.
  • Officials relaunched technical collaboration between INIFAP and EMBRAPA to advance sustainable agriculture, research and inclusion in rural sectors.
  • A high-participation business forum drew hundreds of companies as both sides pursued new contracts and supply‑chain links in sectors including pharmaceuticals, aerospace and sustainable aviation fuel.
  • The governments presented the push as a response to U.S. tariff increases, which lifted duties on Brazilian imports to as high as 50 percent.
  • Alckmin met Mexican cabinet officials and is set to be received by President Claudia Sheinbaum at Palacio Nacional, with next steps floated such as expanded trade talks and cooperation on digital payments.