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Brazil may increase auto trade quota for Mexico

After booming sales of Mexican cars in Brazil, the Brazilian government is considering raising the auto trade pact quota it agreed to with Mexico.

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A factory employee is seen working in the plant of General Motors in the city of Silao, in the state of Guanajuato, Mexico in 2008. The Brazilian government is considering raising the auto trade pact quota it agreed to with Mexico.

Henry Romero/Reuters/File

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Brazil is considering raising a three-year bilateral auto trade pact quota it agreed to with Mexico in March, potentially allowing Mexican exporters to sell around $350 million worth of additional vehicles to the Brazilian market annually.

Mexican government source familiar with the matter and a Brazilian official said the two sides had raised the possibility of increasing the quota after booming sales of Mexican cars to Brazil this year.

Companies in Brazil that import and sell cars are pressuring the Brazilian government over the trade quota, which was used up in the first six months of the modified pact, which took effect in March.

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