Brazil and Mexico looking to strengthen commercial ties

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Representatives from Mexico's Government and private sector are currently in negotiations with their Brazilian peers to formalize new agreements to supply maize, soy and rice, with the objective of reducing the commercial dependence from the US. A long term goal is to deepen the agreement for economic cooperation between Brazil and Mexico. Mexico’s agricultural exports add up to US$30 billion a year, while the US purchases 78% of the agri-food production of the Spanish speaking country.