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Mexico and Brazil Step Up Rapprochement as Alckmin Leads Major Trade Mission

The mission underscores a push to diversify partners in response to U.S. tariffs.

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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

  • Brazilian Vice President Geraldo Alckmin is in Mexico City for a two‑day visit that includes a Mexico–Brazil business forum today and a meeting with President Claudia Sheinbaum at Palacio Nacional on Thursday.
  • Officials signed a memorandum of understanding to cooperate on Brazil’s Pix instant‑payments system, with Mexico’s foreign ministry and digital transformation agency partnering with Brazil’s central bank.
  • Both governments proposed starting negotiations to expand their bilateral trade agreement, with interest in sectors such as pharmaceuticals, agribusiness, ethanol, biodiesel and aerospace.
  • The delegation includes multiple Brazilian ministers and representatives from 198 companies, reflecting an effort to convert high‑level diplomacy into concrete commercial deals.
  • Bilateral goods trade totaled about $13.6 billion in 2024, and participants framed the push for closer ties as a way to reduce exposure to U.S. tariff pressure under President Donald Trump.