Mexico renews agreement that strengthens Brazilian agribusiness exports

Published 2025년 1월 2일

Tridge summary

Mexico has extended a tax benefit, known as the Package Against Inflation and Carousel (Pacic), which exempts tariffs on essential food items like meat, milk, rice, and beans, until December 31, 2025. This move is crucial for the continuity of Brazilian food exports to Mexico, given the country's dependency on these products. The renewal of the Pacic has contributed to Mexico becoming Brazil's largest agricultural trading partner in Latin America, with significant growth in exports since its implementation in May 2022. The extension is expected to strengthen the flow of poultry and pork exports to Mexico in 2025, as Mexico remains a key market for Brazilian chicken and pork.

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Original content

Mexico has renewed the tax benefit that eliminates tariffs on essential basic food items, such as meat, milk, rice and beans, products in which Brazil has a strong presence as an exporter in the Mexican market. The package encourages supply through the import of strategic products, such as chicken and pork. The so-called Package Against Inflation and Carousel (Pacic) was extended until December 31, 2025 by the President of Mexico, Claudia Sheinbaum. According to the Brazilian government, the renewal of the measure has been essential for the continuity of Brazilian food exports to Mexico. Mexico has consolidated itself as one of Brazil's main trading partners, becoming the largest destination for Brazilian agricultural exports in Latin America after the implementation of the project in May 2022. With the temporary exemption from import taxes, Brazilian exports to Mexico have registered growth. Currently, the North American country is the 7th largest importer of chicken meat from ...

Source: CanalRural