Brazil’s Tariffs Complicate Trade Deal, Mexico Minister Says

Brazil’s existing tariff barriers complicate promised negotiations on a free-trade agreement with Mexico and there is no date to start formal talks, Mexico’s undersecretary of industry and commerce said.

“What is the most difficult part is to solve the known tariff barriers that Brazil has,” Lorenza Martinez said in an interview at the Mexican embassy yesterday in Tokyo. “It is more difficult to do business in Brazil than in Mexico. It has a more complicated system to operate. That’s the part that makes this agreement a little bit more difficult than others.”