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20

The Brazilian government aims to negotiate an "ambitious" bilateral Free Trade Agreement (FTA) with Mexico

The executive of the South American country is studying the comments made by Mexico last year on the terms of reference it sent prior to initiating the negotiations.

The Brazilian government has highlighted its plan to negotiate an ambitious bilateral Free Trade Agreement (FTA) with Mexico during a meeting at the World Trade Organization (WTO). The executive of the South American country is studying the comments made by Mexico last year on the terms of reference it sent before initiating negotiations.

 

In 2022, Mexico exported goods worth $4.54 billion to Brazil, while Brazilian product sales to Mexico reached $12.15 billion. The main products that Mexico sends to the Brazilian market are auto parts, computers, cargo vehicles, and automobiles, while Brazil exports cars, semifinished steel products, corn, soy, and poultry to the Mexican market.

 

In recent years, Mercosur has been negotiating trade agreements with other countries, including Canada, South Korea, Singapore, Lebanon, Indonesia, and Vietnam. Brazil has conducted impact assessment studies for these agreements, with the evaluation for the agreement with Canada currently ongoing.

 

Retrieved from:

Morales, R. (2023, abril 4). Gobierno de Brasil quiere negociar un TLC “ambicioso” con México. El Economista. Recuperado el 5 de abril de 2023, de https://www.eleconomista.com.mx/empresas/Gobierno-de-Brasil-quiere-negociar-un-TLC-ambicioso-con-Mexico-20230404-0014.html