Pressured by friendshoring trends and by a faltering Mercosul, Brazil and Mexico see window of opportunity to establish new and revise existing trade agreements. Under the shadow of a new Trump presidency, Latin America trade might see new life with Brazil – Mexico relationship.
As Xi Jinping’s November visit to Brazil wrapped up, high-level talks between the two Global South giants expanded on a wide set of agreements. However, Xi’s visit also highlights a delicate and nuanced balancing game played by Brazil, fueled by domestic political struggles and the expectation of a second Trump tenure.
As the globe struggles with worldwide issues, such as climate change, growing inequality and the need to finance the energy transition, new taxation schemes are discussed. Brazil’s G20 proposal seeks to transform the global tax framework into a more progressive one. This November, global leaders will have a chance to expand upon these ideas and to deliver on a propositive and determined tax vision for the future.
