MEXICO CITY/SAO PAULO (Reuters) – Brazilian and Mexican authorities stated on Monday they see the necessity to revise and develop their present commerce agreements, in a push to strengthen the ties between the 2 largest economies in Latin America.
Brazilian President Luiz Inacio Lula da Silva is in Mexico as a part of an official authorities go to, which is able to embody his presence in Claudia Sheinbaum’s inauguration ceremony as Mexico’s president on Tuesday.
Mexico and Brazil have a commerce settlement dated from the early 2000s which units the exemption or the discount of imports charges for some 800 forms of merchandise.
“The expansion of our relationship has already topped that settlement,” Marcelo Ebrard, Mexico’s incoming financial system minister, stated on the sidelines of an occasion on Monday. “We have to replace it,” he added.
Earlier within the day on the similar occasion, Lula stated that the commerce agreements between each nations, which additionally embody a deal regulating commerce of automobiles and auto elements, should be revised as quickly as doable.
“I would like our industries to develop, our agricultures to develop, I would like Brazil and Mexico investing to construct synthetic intelligence that would deliver financial advantages for us,” he stated in his speech, with out offering extra particulars.
Throughout the occasion, Lula additionally urged that the commerce settlement in dialogue between the European Union and South America’s Mercosur bloc might sooner or later be prolonged to Latin America.
