Overview

• Vice President Geraldo Alckmin led a high-level delegation to Mexico City for meetings with cabinet officials, legislators and business leaders during a two-day visit.
• Mexico and Brazil signed a memorandum to promote investments and a declaration of intent to cooperate on the production and use of biofuels.
• Officials also concluded a cooperation memorandum on Brazil’s Pix instant payments system and an agro-food science and sustainability pact that revives INIFAP–EMBRAPA collaboration.
• The mission featured the Mexico–Brazil Business Forum, drawing representatives from 198 Brazilian companies pursuing new trade and investment deals.
• Both governments signaled plans to begin negotiations to expand their bilateral trade accord, with President Claudia Sheinbaum set to receive Alckmin at Palacio Nacional on Thursday.