Mexico is negotiating with Brazil to expand economic cooperation and believes it...
FILE PHOTO: Mexico's Economy Minister Graciela Marquez attends Mexico's President Andres Manuel Lopez Obrador daily news conference at National Palace in Mexico City, Mexico November 14, 2019. REUTERS/Carlos Jasso
Mexico’s powerful automotive industry has for years been seeking to improve access to Brazil’s car market, while Brasilia has sought to protect local industry. In March, the two reached a deal to liberalize trade of light vehicles. “Brazil is a difficult country, it’s the opposite of Mexico,” she told a government news conference. “Mexico is a very open economy, Brazil is very closed.”
“We’re sitting at the table with Brazil to expand complimentary agreement and see the possibilities of making a broader, more ambitious agreement,” said Marquez, whose government assumed power in December 2018.
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