Brazil, Mexico look to strengthen trade ties as NAFTA talks loom

5/11/2017 Reuters

Flickr/Andrew Dallos

A Mexican delegation of government and private sector representatives is in talks with Brazilian counterparts to close new supply deals of corn, soy and rice and reduce dependence on U.S. trade, members of the delegation said on Thursday.

In the second day of a three-day mission to Brazil, Raúl Urteaga, general coordinator of international affairs at Mexico’s Ministry of Agriculture, said the main purpose of the visit is to accelerate business contacts between the two countries as part of broader efforts to diversify Mexico’s trade ties with nations other that the United States.

The delegation also visited Argentina.

“The main reason for the mission this week is to look for Brazilian suppliers of grains,” Urteaga said.

Mexico wants to substitute mainly U.S. corn suppliers.

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