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Three years ago, we sobbed in this space when Brazil slapped quotas on imports of Mexican automobiles in an effort to boost the local industry. At the time, BRIC-star Brazil was beginning to feel economic headwinds and Mexico’s auto industry was picking up steam. The 2012 quotas were supposed to be lifted after a three-year period, but with our customary foresight we predicted this would not come to pass. Well, the three years are up and last month Brazil and Mexico announced that they had agreed to extend the quotas on Mexican auto imports for another four years. We really just amaze ourselves sometimes. Continue reading Brazil extends limits on auto imports from Mexico
Tag Archives: Mexico Brazil trade
Brazil troubles hold no payoff for Mexico
When images of violent protests began streaming out of Brazil last month, some partisans here in Mexico may have felt a silent temptation to gloat. Certainly no one wants to see people hurt, or property destroyed, in any country. But considering the free ride Brazil received in international media in recent years – while Mexico was flogged like the family mule – a little tarnish on the South American giant’s reputation at least might be worth a dab of schadenfreude. We, however, are not feeling it, and the quicker Brazil recovers the path to peace and prosperity, the better for all concerned.
Brazil and Mexico are presented as rivals at times, considering their role as Latin America’s two largest economies and emerging-market stars. Readers of this blog know that we seize every opportunity to whinge about Brazil’s glamor-puss image while it plays dirty on trade policy. Continue reading Brazil troubles hold no payoff for Mexico