Home Business Presidents of Brazil and Mexico discuss expansion of bilateral trade

Presidents of Brazil and Mexico discuss expansion of bilateral trade



President Michel Temer met with Mexican President Enrique Peña Nieto in the Mexican city of Puerto Vallarta and discussed the expansion of trade relations between the two countries. Temer left the meeting optimistic, but no agreement in this regard has been established yet. Temer is in Mexico to attend the 1st Meeting of Presidents of Mercosur and the Pacific Alliance.

“Mexico-Brazil relations, which are already more than reasonable, are being intensified by this conversation we are having, specifically in relation to trade relations,” Temer said, leaving the meeting.

Among the issues addressed is the possibility of Mexico exporting beans to Brazil, which in turn would export rice to Mexicans. In addition, Temer asked that Mexico increase the entry limit of chickens produced in Brazil. “We have a chicken quota of 300 thousand tons. And I asked you to examine the possibility of increasing this quota, since we are reaching the quota at the present moment. Then this matter remained to be examined. ”

The Mexican president has not made any proposals with Brazil, because he will talk earlier with the other members of the North American Free Trade Agreement (NAFTA), a bloc formed with the United States and Canada. “He asked us to wait until August so that after meetings with the United States, Canada, etc., they could talk more objectively to our country,” Temer explained.

Temer and Peña Nieto signed a customs cooperation agreement between the two countries, called the Agreement on Cooperation and Mutual Administrative Assistance in Customs Matters. The Brazilian president spent the day in Mexico to talk to Peña Nieto and participate in a dinner with heads of state of the Pacific Alliance – a bloc formed by Chile, Peru, Colombia and Mexico.

The president of Uruguay, current president of Mercosul, was also present. Representatives of the two blocs will hold a meeting on Tuesday (24) in an event that runs parallel to the 13th Pacific Alliance Summit.

The possibility of agreement between the Alliance and Mercosur intensified from 2014, when measures were adopted to facilitate trade between the countries of the region. Since then, several tariff and regulatory barriers to trade have been removed between the bloc members, as well as facilitation of customs cooperation and the interaction of companies, especially small and medium-sized companies.

After meetings this Tuesday, Temer leaves Mexico. It will make a stop in Brasilia, but it is expected to follow the same day to Johannesburg, South Africa, for the BRICS meeting, a bloc formed by Brazil, Russia, India, China and South Africa.