Mexico`s President favours trade deal with Brazil

Last Updated: Sunday, August 16, 2009 - 12:23

Sao Paulo: Mexican President Felipe Calderon says he supports the idea of a free trade agreement between Brazil and Mexico, the two biggest economies in Latin America.
Calderon says he`s enthusiastic about the idea of a deal proposed by Brazilian business executives to push for a commercial accord for the two nations.

Calderon made the comments Saturday in Sao Paulo at the start of a three-day visit to Brazil. He will tour installations of Brazil`s state-run oil company Sunday and is to meet Monday with Brazilian President Luiz Inacio Lula da Silva.

The Mexican leader says a free trade accord could help both nations because the economies of Brazil and Mexico generate more than 70 percent of all economic activity in Latin America.

Bureau Report

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