Brazil and Mexico are Latin America's largest economies. Leverage ACE 53 and 55 agreements for preferential tariffs.
USD $12B
Annual bilateral trade
ACE 53/55
Trade agreements
#1
Latin American partner
Automotive
Main sector
Brazil and Mexico are Latin America's largest economies with USD $12B in bilateral trade. ACE 53 (general) and ACE 55 (automotive) agreements grant tariff preferences. The automotive sector dominates exchange.
Vehicles and auto parts
Chapter 87
Electronics
Chapter 85
Plastic products
Chapter 39
Chemical products
Chapter 29
Processed foods
Chapter 19
Vehicles and auto parts
Chapter 87
Iron ore
Chapter 26
Agricultural products (soy, coffee)
Chapter 12
Chemical products
Chapter 29
Meat and by-products
Chapter 2
Economic complementation agreement Mexico-Brazil with preferences on specific products.
Automotive Mexico-MERCOSUR agreement with preferential quotas.
Transit time: 12-18 days
Main ports
Transit time: 8-12 hours
Main ports