Brazil, Mexico begin trade talks amid Bolsonaro push for export deals

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Brazil, Mexico begin trade talks amid Bolsonaro push for export deals
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Brazil and Mexico have begun talks on a free trade deal, officials said on Monda...

SAO PAULO - Brazil and Mexico have begun talks on a free trade deal, officials said on Monday, seeking to deepen commercial ties between the two largest economies in Latin America as trade tensions threaten to undermine global growth.

Marcos Troyjo, Brazil’s deputy economy minister for foreign trade, said Brazil had formally started free trade talks with Mexico, which in June ratified a trade pact with the United States and Canada to replace the North American Free Trade Agreement . Trade between Brazil and Mexico has been less than desired, Troyjo said at a conference hosted by the Brazil-China Business Council in Sao Paulo.

Under far-right President Jair Bolsonaro, Brazil has begun talks on a trade treaty with the United States and is hoping a hard-won pact between the European Union and the Mercosur bloc of South American countries will be ratified.

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