Brazil is making moves to establish a groundbreaking free trade agreement with Mexico, gaining support from various sectors. Discussions are set to begin in 2025 with Mexico’s new administration, acknowledging the demands of Brazilian industries and agriculture.
As Mexico opens its market to Brazilian agricultural goods, the potential agreement is met with enthusiasm by Francisco Cannabrava, Brazil’s Director of Mercosur Affairs. The upcoming visit of President Luiz Inácio Lula da Silva to Mexico may further push trade talks forward, hinting at intentions to enhance bilateral trade.
The current trade agreements between Brazil and Mexico, ACE 53 and ACE 55, are in focus for possible updates and expansions. With authorization from Mercosur, Brazil seeks to broaden negotiations with Mexico, potentially including discussions on gender equality and support for small businesses.
Looking ahead to 2025, Gisela Padovan, Brazil’s Secretary for Latin America and the Caribbean, views this as a crucial period for negotiations before Mexico’s USMCA renegotiations in 2026. By diversifying trade partnerships, Mexico aims to reduce reliance on the United States.
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