Dealing with uncertainty of their nation’s commerce relationship with the USA, a rising variety of Brazilian firms are taking a critical have a look at investing in Mexico, the president of the Brazil-Mexico Chamber (Bramexcam), Liborio Rauber, mentioned on Thursday.
Based on Rauber, greater than three dozen Brazilian firms stand able to put money into the event of factories, manufacturing traces, information facilities and distribution facilities in main Mexican cities like Monterrey, Saltillo, Querétaro, Tijuana, Guadalajara, Ciudad Juárez and Mexico Metropolis.
Mexico and Brazil eye expanded commerce deal forward of August assembly
“Immediately, on the Chamber, we’re presenting 42 tasks from Brazil from firms that wish to open markets or make investments right here in Mexico,” Rauber mentioned.
Presently, 48 Mexican firms are established in Brazil, although that quantity pales compared to the 716 Brazilian firms working in Mexico. Mexican manufacturers with operations in Brazil embody the automotive Numak, the meals firm Bimbo and the telecommunications agency América Móvil. Rauber identified that roughly 19.7% of web use by Brazilians goes by means of Claro, an organization owned by América Móvil.
Additionally of be aware, the Mexican comfort retailer chain Oxxo has opened 500 shops throughout Brazil in simply two years, although there are apparently a couple of glitches. “You understand the distinction between Oxxo in Brazil and Oxxo in Mexico?” joked Rauber. “There [in Mexico], the second money register truly works and so they have change.”
Rauber’s announcement of the 42 firms adopted a name between Mexico’s President Claudia Sheinbaum and her Brazilian counterpart Luiz Inácio Lula da Silva (Lula) on Wednesday. The two leaders agreed {that a} delegation led by Brazilian Vice President Geraldo Alckmin would go to Mexico on Aug. 27 and 28.
“We adopted up on the settlement to welcome in Mexico authorities and enterprise folks from Brazil, with the purpose of deepening our collaboration on varied points,” Sheinbaum wrote on social media.
HAY OXXO EN BRASIL?!?!?!?! https://t.co/qizOgPFo5e
— lex | bts is again (@berriesnsprite) March 11, 2025
In the meantime, Lula mentioned on social media that the pair had “mentioned the enlargement of the Brazil-Mexico commerce settlement, highlighting the potential of the pharmaceutical, agricultural, ethanol, biodiesel, aerospace, innovation and training sectors as strategic areas in our bilateral relationship.”
Bramexcam represents firms throughout a variety of sectors, together with the automotive, aerospace, pharmaceutical, chemical and agribusiness industries.
Based on the enterprise chamber, among the principal exports between the 2 nations embody:
Merchandise exported from Brazil to Mexico:
- Soybeans – US $547 million
- Vehicles – $477 million
- Metal – $453 million
- Engines – $413 million
- Lumber – $171 million
Merchandise exported from Mexico to Brazil:
- Auto elements – $628 million
- Vehicles – $403 million
- Chemical compounds – $233 million
- Electronics – $192 million
- Computer systems – $188 million
With studies from Forbes
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