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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)

2011 – The Secretary of Foreign Affairs of Mexico, Patricia Espinosa, and the Economy Secretary, Bruno Ferrari, pay a working visit to Brazil (December 7)

2012  The President-elect of Mexico visits Brazil

2012  Brazil-Mexico Meeting on the Economic Complementation Agreement No. 55 (ACE 55) (Brasilia, February 7-9)

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 –  The Agreement between Brazil and Mexico on tourist visa waiver, signed  on November 23, 2000, is back in force (May 16)

2013  The Secretary of Foreign Affairs of the United Mexican States, José Antonio Meade Kuribreña, visits Brazil (May 17) 

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 – Signing of the Fifth Additional Protocol to Appendix II of the Automotive Agreement (ACE 55) with Mexico (March 9)

2015   The Secretary of Foreign Affairs of Mexico, Jose Antonio Meade Kuribreña, visits Brazil  (Brasilia, May 12)

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 Negotiation Meeting of the Brazil-Mexico Trade Expansion Agreement (July 7-8)    

2015 – First meeting for the expansion of the Economic Complementation Agreement No. 53 (ACE 53) (Mexico City, November 10-12)

2015 – Brazil-Mexico negotiations on the expansion and deepening of the ACE 53 – Exchange of Reciprocal Lists of Requests (December 18)

2016 – The Third Meeting of the Brazil-Mexico Binational Commission is held in Mexico.

2016 – Second Round of Negotiations on the Expansion and Deepening of  the Brazil-Mexico Economic Complementation Agreement (ACE 53) (Brasilia, February 16-18)

2016 – Minister Mauro Vieira travels to Mexico, on the occasion of the third  Meeting of the Brazil-Mexico Binational Commission (February 22-23)

2016 – The Fourth Negotiation Meeting for the expansion and deepening of the Brazil-Mexico Economic Complementation Agreement No. 53 (ACE 53) is held in Brasilia (July 5 and 7)

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)

2016 – Fifth Negotiation Meeting for the expansion and deepening of the Economic Complementation Agreement No. 53 (ACE 53) between Brazil and Mexico (Mexico City, September 27-29)

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)




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