Over the last years, Brazil has made efforts to boost trades with Mexico through agreements to reduce or even eliminate import fees between the two countries. Moreover, Mexico has also shown interest to deepen commercial relationships with Mercosur, especially with Brazil. These efforts resulted in the Economic Complementation Agreement (ACE 53), established between Brazil and Mexico in August 2002, that eliminated or reduced tariffs between both countries for approximately 800 products
Fonte: CEPEA

Potential and challenges of trade relationship between Brazil and Mexico
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