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Mexico and Brazil's Big Trade Summit Yields Small Deals as Allies Pull the Latin American Giants in Separate Directions

Mexico prioritizes sectoral cooperation and regulatory updates with Brazil, avoiding a free trade pact like USMCA, despite $13.6 billion trade in 2024, officials said.

Mexico and Brazil signed a plethora of agreements on agriculture, health and biofuels on Thursday, part of a plan to strengthen a trade framework inked more than two decades ago. However, the deals falls short of the trade pact the South American nation hoped to reach. President Claudia Sheinbaum hosted Brazil’s Vice President Geraldo Alckmin and a contingent of cabinet ministers and business leaders at the National Palace, where the sides negot…

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Against US customs war: Brazil and Mexico underline cooperation through agreements on several sectors. The two countries already account for 70 percent of trade in Latin America.

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The president of Mexico, Claudia Sheinbaum, and the secretary of the country's economy, Marcelo Ebrard, have rejected the possibility of a new free trade agreement with Brazil, the idea that both nations have had an incalculable time in the past. The decision came in the midst of the pressure that the two major economies in Latin America faced because of the commercial policies of US President Donald Trump. The declaration took place during a co…

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Gerardo Villagrán del Corral Mexico and Brazil signed the Joint Declaration for the follow-up and implementation of trade and investment agreements, as well as those related to agriculture, health and energy issues, when it is announced that next week US Secretary of State Marco Rubio, one of the most extremist members of Donald Trump’s cabinet, will arrive in Mexico. Geraldo Alckmin Mexican President Claudia Sheinbaum said that with Brazil “we …

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Gazeta Do Povo broke the news in Curitiba, Brazil on Thursday, August 28, 2025.
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