United Mexican States
Brazil and Mexico strive to consolidate a solid and high-level bilateral relationship, based on the understanding that the two largest countries in Latin America in terms of economy and population should seek, whenever possible, to act in a coordinated manner at regional and global levels.
Since 2015, the bilateral relationship has seen particularly productive dynamics, marked by the signing of numerous agreements, the resumption and creation of several dialogue mechanisms, and the opening of negotiations on the expansion and deepening of the Economic Complementation Agreement No.53 (ACE 53).
In recent years, several instruments have been signed between the two countries, including the Agreements on Cooperation and Investment Facilitation; on Air Services; and on the Mutual Recognition of Cachaça and Tequila as Geographical Indications and Distinctive Products. The Cooperation and Investment Facilitation Agreement, signed in 2015, is aimed at promoting reciprocal investments through an intergovernmental dialogue mechanism. The agreement provides for the dissemination of business opportunities, exchange of information on regulatory frameworks, and the adoption of a mechanism to prevent and settle disputes.
Brazil and Mexico are the first and second-largest economies in Latin America, respectively, accounting for nearly 65% of the region’s GDP. They are also the countries that receive the largest foreign investment inflows in the region. Economic and trade relations between the two countries are solid and significant. Reciprocal investments are estimated at $30 billion on both sides. The predictability of the regulatory environment eases private investments.
Telecommunications is the main sector for Mexican investments in Brazil, but there are also significant investments in the auto parts industry, water systems, movie theaters, and duty-free shops. Around 650 companies funded with Brazilian capital operate in Mexico.
The two countries are also important trading partners: in 2018, trade flow reached $ 9.41 billion, including $ 4.51 billion of Brazilian exports and $ 4.90 billion of Mexican exports. At their peak, during 2012-2013, bilateral exchanges reached $10 billion. Following positive indices in the Brazilian economy and continuous Mexican growth, bilateral trade is showing clear signs of recovery.
Brazil and Mexico have recognized experience in south-south development cooperation. Although it presents important results, the bilateral technical cooperation program still has a great potential to be exploited, particularly with regard to trilateral initiatives in the Latin American and Caribbean region.
Chronology of bilateral relations
1830 – Diplomatic relations are established
1831 – The Brazil-Mexico Alliance, Peace and Friendship Treaty is signed
1922 – The diplomatic representations of the two countries are elevated to Embassy status
2000 – The President-elect of Mexico visits Brazil
2002 – President Vincent Fox visits Brazil
2003 – President Luiz Inácio Lula da Silva visits Mexico
2006 – The President-elect of Mexico visits Brazil
2007 – President Luiz Inácio Lula da Silva visits Mexico
2007 – The First Meeting of the Brazil-Mexico Binational Commission is held in Brasília
2007 – Minister Celso Amorim participates in the Mexican Council on Foreign Relations – COMEXI (Mexico City, November 28)
2008 – The presidents of Brazil and Mexico hold a meeting during the first Latin American and Caribbean Summit on Integration and Development (CALC), at Costa do Sauipe
2009 – The President of Mexico, Felipe Calderón, visits Brazil. Signing of technical and scientific cooperation agreements in the areas of biotechnology, nanotechnology and space (August 17)
2009 – The Second Meeting of the Brazil-Mexico Binational Commission is held in Brasília
2010 – Working meeting between the Presidents of Brazil and Mexico
2011 – Meeting between the Presidents of Brazil and Mexico during the 66th General Assembly of the United Nations, in New York (September)
2012 – The President-elect of Mexico visits Brazil
2012 – The Governments of Brazil and Mexico agree on provisions regarding the Additional Protocol to the ACE 55 Bilateral Appendix (Mexico City, March 15)
2013 – Meeting between the Presidents of Brazil and Mexico during the CELAC Summit, in Havana (Cuba)
2014 – Meeting between the Presidents of Brazil and Mexico during the CELAC Summit, in Santiago (Chile)
2014 – President Dilma Rousseff visits Mexico.
2015 – Meeting between the Presidents of Brazil and Mexico during the CELAC Summit in San José (Costa Rica)
2015 – State visit of President Dilma Rousseff to Mexico (May 26-27) [Signing of the Trade Expansion Agreement between Brazil and Mexico] [Joint statement of Mutual Recognition] [Signing of the Cooperation and Investment Facilitation Agreement] [Joint Statement]
2015 – First meeting for the expansion of the Economic Complementation Agreement No. 53 (ACE 53) (Mexico City, November 10-12)
2016 – The Third Meeting of the Brazil-Mexico Binational Commission is held in Mexico.
2016 – The Minister of Foreign Affairs, José Serra, visits Mexico, where he holds working meetings with Secretary of Foreign Affairs Claudia Ruiz Massieu and with the Secretary of Economy, Ildefonso Guajardo (July 25)
2017 – Minister Aloysio Nunes Ferreira holds a working meeting with his Mexican counterpart, Luis Videgaray, on the occasion of the 29th Meeting of Consultation of Ministers of Foreign Affairs of the Organization of American States, in Washington (May 31)
2017 – Sixth Negotiation Meeting for the expansion and deepening of the Brazil-Mexico Economic Complementation Agreement No. 53 (ACE 53) (Brasilia, June 12-14)
2017 – Seventh Negotiation Meeting for the expansion and deepening of the Brazil-Mexico Economic Complementation Agreement No. 53 (ACE 53) (Mexico City, August 29-31)
2017 – Eighth Negotiation Meeting for the expansion and deepening of the Brazil-Mexico Economic Complementation Agreement No. 53 (ACE 53) (November, 12-14)
2017 – The Secretary of Foreign Affairs of Mexico, Luis Videragay, visits Brazil ( Brasilia, November 24)
2017 – Foreign Minister Aloysio Nunes Ferreira and the President of the Inter-Parliamentary Union (IPU), Gabriela Cuevas Barron, hold a meeting in Brasilia.
2018 – Coordination meeting of the Brazilian consular network in North America, with the attendance of Minister Aloysio Nunes and representatives from embassies and consulates of Brazil in North America (Chicago, July 6-7)
2018 – Meeting of the Presidents of MERCOSUR and the Pacific Alliance (Puerto Vallarta, July 24)
2018 – Fourth Meeting of the Brazil-Mexico Binational Commission (Brasilia, October 16-17)