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.
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.
A 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.
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