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Mexico-Brazil Begin Free Trade Talks on Feb. 28, Reforma Says

The governments of Mexico and Brazil will begin formal negotiations on Feb. 28 to reach a free-trade agreement, newspaper Reforma reported.

With the accord Brazil would cut tariffs from 12.5 percent to zero, while Mexico would reduce duties from 5 percent to zero, the Mexico City-based newspaper said, citing Brazil’s ambassador in Mexico, Sergio Florencio.