A false war fades: the end of Brazil-Mexico rivalry?

June 11, 2015

6/10/15 Financial Times – beyondbrics

Flag-Pins-Mexico-BrazilFor much of the past two decades, Brazil and Mexico seemed at times to be on a collision course. Diplomats from Latin America’s two largest nations were often preoccupied, if not obsessed, with a competition for an elusive role as regional leaders and players in the post-Cold War shifting global scene. The 2013 battle for the post of director general at the World Trade Organization, won by Brazilian diplomat Roberto Azevêdo over Mexican Herminio Blanco, a former trade minister, left plenty of hurt feelings. Ironically, the dispute for influence also led to convergence. The 2011 creation of the Community of Latin American and Caribbean Nations (CELAC), proposed by Mexico to affirm its Latin American identity and counter a perceived Brazilian effort to separate it from the region, was warmly embraced in Brasília as a way project leadership by promoting formats that excluded the US.

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Why does HSBC like Mexico, but want to quit Brazil?

June 10, 2015

6/9/15 CNBC

Flag-Pins-Mexico-BrazilRecent headlines about Mexico have been dominated by gang violence, corruption and weak economic growth. However, the country looks set to revive its fortunes, with investors and organizations like global bank HSBC keen to tap its potential.

On Tuesday, Stuart Gulliver, the chief executive of HSBC, described the country as a “logical” place for Europe’s biggest bank by assets to be present, even as he revealed plans to sell operations in rival emerging markets Brazil and Turkey and cut as many as 25,000 staff.

He told investors on a conference call that Mexico was “on the cusp of a major take-off” thanks to energy reforms introduced by controversial President Enrique Pena Nieto.

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Mixing tequila and caipirinha

June 4, 2015

06/4/15 The Economist

Flag-Pins-Mexico-BrazilIf only Latin America’s two giants co-operated more…

YOU can tell that a relationship is dire when one of the parties trumpets that it is being “reinvented” while the other urges that the couple shouldn’t “turn their backs on each other”. The first declaration came from Enrique Peña Nieto, Mexico’s president. The second was made by Dilma Rousseff, his Brazilian counterpart, who was paying her first state visit to Mexico on May 25th-27th. The two promised a new start. They pledged to boost trade and signed agreements to facilitate investment and expand air links. And they toasted each other with Mexican tequila and Brazilian cachaça, the cane liquor use in caipirinhas.

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Brazil to Seek Lower Auto Quota with Mexico to Shield Industry – Sources

February 20, 2015

By Alonso Soto, 2/19/2015

cars in trafficBrazil will seek to reduce the dollar amount of vehicles that Mexico sells duty-free to the South American nation, two sources familiar with the matter said on Thursday, raising tensions in upcoming trade negotiations between Latin America’s largest economies.

Mexican and Brazilian officials will start talks on Friday over an automotive treaty due to expire on March 19. Mexico is pushing to upon up trade as its auto industry booms, while Brazil wants to renew a quota on light vehicles that protects its struggling factories.

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Mexico’s Auto Industry Overtakes Brazil’s

August 8, 2014

08/08/14 The Wall Street Journal

cars in trafficBolstered by a recovering North American market, the output of Mexico’s booming automotive industry is cementing a slight lead over Brazil, its stumbling regional rival.

Mexico’s export-driven production of cars and light trucks jumped 7.5% in the first seven months of 2014 to nearly 1.86 million vehicles, compared to the same period a year earlier, according to data released by Mexico´s automotive-producers chamber.

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Why Mexico Is Speeding Past Brazil in Cars

July 11, 2014

07/11/14 Bloomberg Businessweek

Washauto06_bmw_325_AudeVivereRemember in the 1990s when some Cassandras feared the North American Free Trade Agreement would someday help Mexico eclipse car production of its higher-cost rivals north of the border? Two decades later, Mexico is making its move, but against another competitor: Brazil.

The country is poised to overtake South America’s largest nation as the top Latin American automobile producer for the first time in more than a decade. Mexico’s ascent is fueled in part by auto sales running at the fastest pace in almost eight years in the U.S., its largest market. The boom coincides with a slump in Brazilian production through June as its domestic demand cools.

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Mexico Passing Brazil as Top Latin American Car Producer

July 7, 2014

07/07/14 Bloomberg

shutterstock_142650745Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.

After nosing ahead of Brazil in the first five months of the year, Mexico is projected to hold its advantage through 2014, for the first full-year lead since 2002, according to consultant IHS Automotive.

Mexico’s ascent is being fueled in part by auto sales running at the fastest pace in almost eight years in the U.S., the country’s largest market. The boom coincides with a slump in Brazilian production through May as domestic demand cools, setting up a shift in leadership of the Latin American industry faster than analysts predicted.

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