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Mexico and Brazil Gambling on Economic Integration

Article Summary:

Brazil and Mexico hope to strengthen bilateral ties, through Economic Integration, which they state, is stronger and more profitable for both countries than a free trade agreement. in an aim to increase the economic power of both countries.

Photo Credit: Prensa Latina

Original Article Text From Prensa Latina via Google Translate :

Brazil, Mexico Agree to Speed Up Economic Integratation

Brasilia, Dec 7 (Prensa Latina) The foreign ministers of Brazil, Antonio Patriota, and Mexico, Patricia Espinosa, agreed in Sao Paulo to speed up bilateral negotiations to reach a Strategic Agreement on Economic Integration.

The idea is to meet every two months to establish an exemplary relationship in economic cooperation and trade with Mexico, based on the growing confidence that we have build, said Patriota in a joint press conference with Espinosa, according to the state agency Brazil.

The Mexican foreign minister stressed dialogue and cooperation between the two governments to strengthen bilateral ties.

Espinosa said that the Strategic Agreement on Economic Integration is a different project, more ambitious and comprehensive, which is being built on ties that benefit from other agreements.

Sources from the Brazilian Foreign Ministry explained that the agreement includes all economic sectors in the two nations and deals with issues such as market access, regulation and institutional relations.

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From Prensa Latina

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