Between Mexico and Brazil there is no Free Trade Agreement, but a Commercial Preference Agreement, which has allowed a commercial exchange that reaches almost 10 billion dollars.
Mexico and Brazil will increase trade
The head of the economic sector of the Brazilian Embassy in Mexico, Mateus Drumond Caiado, said that the arrival of new governments in both countries opens opportunities to increase trade, as well as cultural, educational and tourism, among others.
After noting that they have diplomatic relations for 180 years, he said that Mexico and Brazil are the two largest economies in Latin America that have mutual investments of 30 billion dollars each, with a commercial exchange that reaches 10 billion dollars annually.
In an interview with Notimex pointed out that among the main investments of Brazil, in the country are in the beverage and petrochemical sector; while Mexican investments are in telecommunications, entertainment, and the bakery industry.
"We can say that in the daily life of Brazilians and Mexicans there are already many products that are consumed daily by both nations." Therefore, he said, we need to facilitate the two countries to intensify their commercial exchange.
He said that with the arrival of new governments in both nations, the expectation of improving their relations is very positive, although he clarified that there is a transition process in both countries, the signs of improving bilateral relations have been given by both governments.
He explained that although there is no Free Trade Agreement between Mexico and Brazil, but rather a Commercial Preference Agreement, which has allowed for a commercial exchange that reaches almost 10 billion dollars, which speaks of the importance and strength that both economies have.
Drumond Caiado recalled that the two countries are in negotiations to expand the economic agreement that already exists since 2015, so it is hoped that soon it will be possible to reach a good port and achieve benefits for Mexicans and Brazilians.
He mentioned that as of this year, the agreement on air services that allows the airlines of the two nations to extend beyond Rio and Sao Paulo in Brazil, and Cancun and Mexico City, allowing the increase, came into force. of flights.
Also last year an agreement was signed to facilitate investments in order to identify areas of mutual opportunities and facilitate contact between governments to create an investment environment between Mexican and Brazilian entrepreneurs.
He stressed that at the end of last year came into force the agreement of nomination of origin of tequila and cachaça, a traditional Brazilian drink, which guarantees a zero percent import tariff, which will allow the consumption of both beverages in the two countries.
"Tequila is well known and drunk in Brazil, and we hope that with the new agreement, we will have access to more varied and better quality tequilas," he added.