Brazil and Mexico have begun preliminary talks to deepen their trade agreement as Latin America’s two largest economies seek to boost commercial partnerships beyond China and Donald Trump’s US.
Diplomats from the two nations have held ongoing informal talks since Mexico’s President Claudia Sheinbaum took office in October to try to set the terms for formal negotiations, three people with knowledge of the matter said.
In that time, left-wing leaders Sheinbaum and President Luiz Inácio Lula da Silva have met on four separate occasions. Both have publicly stated an intention to deepen economic ties. Brazil’s trade secretary is set to travel to Mexico City in August to look into it in greater detail, Sheinbaum said this month.
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