In compliance with
the mandate of the President of the Mexican Republic, Enrique Peña Nieto, and
the President of the Republic of Brazil, Dilma Rousseff, on May 26; 7 and July
8, 2015, the First Round of Negotiations of the Economic Complementation
Agreement, Number 53 (ACE 53) is held between the United Mexican States and the
Republic of Brazil, in Brasilia.
were headed by the Undersecretary of Foreign Trade, Francisco de Rosenzweig,
and the Head of the Unit for International Negotiations, Rosaura Castañeeda,
from Mexico; Daniel Godinho, Secretary of Foreign Trade, and Ambassador Antonio
José Ferreira Simões, General Secretary of Central America and the Caribbean,
both by Brazil.
Complementation Agreement No. 53 grants preferences to 12% of tariff lines, so
that the two largest economies in Latin America agreed that there is enough
space for the expansion of trade.
teams of Brazil and Mexico, in order to advance strongly in the presidential
commitment, agreed the trade negotiation parameters.
The disciplines for
which has been discussed are: Market Access, Rules of Origin and Trade
Facilitation; Rules of International Trade (Technical Barries to Trade TBT,
Regulatory Consistency, Sanitary and PhytoSanitary Measures, competition
policy, intellectual property, government procurement); Services and
investment, and dispute settlement.
trade between Brazil and Mexico was just over nine billion dollars, of which
over 40% is explained by the trade of the automotive sector (about 4 billion
dollars). Brazil is the main trading partner for Mexico in Latin America, while
Mexico is the second to Brazil.
The Second Round of
Negotiations for the expansion of the ACE No. 53 will take place in Mexico City
in October 2015.