42 Brazilian companies are interested in investing in Mexico

Liborio Rauber, president of the Brazil-Mexico Chamber of Commerce (Bramexcam), stated that there are 42 companies from that country with a strong interest in investing in the Mexican economy, which shows that they are not deterred by insecurity, judicial reform, or tariffs.

“There are 42 investment projects seeking to come to Mexico, three of which are in artificial intelligence, automotive, and agribusiness,” he told Forbes Mexico.

“There is no slowdown in the 42 projects, nor are companies leaving due to insecurity, judicial reform, or tariffs,” he said.

He said that by being part of the USMCA, Mexico has an open channel to the United States, which is not the case with Brazil.

He assured that insecurity has not impacted Brazilian companies' interest in Mexico, as he sees “a market for sales between companies.”

He commented that the agribusiness industry is the most interested in the Mexican economy.

He said that Mexico is opening up to the Brazilian market in agrotechnology, distribution, and marketing, which is why they want to set up plants and commercial offices.

“Brazilian agribusiness companies are not competitors for companies in Mexico, as they provide greater added value and make the Mexican market more robust through technology transfer,” he said.

More than 35,000 Brazilians live in Mexico, most of them in Mexico City. León is home to the second largest Brazilian community, with 4,000 people, due to their businesses linked to the footwear and leather industry.