Overview

• Delegations signed an investment‑promotion memorandum, a declaration of intention on biocombustibles, an agro‑food cooperation memorandum, and two health accords linking Cofepris with Anvisa and Birmex with Fiocruz.
• President Claudia Sheinbaum ruled out a free‑trade agreement, describing the agenda as economic complementarity with technical follow‑up to update rules of origin and align regulations in priority sectors.
• The health agreements aim to speed joint regulatory approvals and boost regional production of vaccines, active ingredients and strategic medicines, with a new Mexico–Brazil health committee set to meet monthly.
• Roughly 350 business leaders took part in a Mexico–Brazil forum focused on building shared value chains and investment in areas such as automotive, pharmaceuticals, aerospace, energy and information technology.
• Bilateral trade stands near $14 billion annually and officials noted the two countries represent about 70% of Latin American exports, framing the push as diversification in light of U.S. tariff pressures.