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Brazil will end a tax exemption for importing electric vehicles, gradually raising the duty to 35% over three years, Industry Ministry official Uallace Moreira told Reuters on Friday. Brazil-based ...
Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in ...
As of 2021, 7% of new cars sold in Brazil were electric. [1] Government policy. As of October 2022, the Brazilian ...
In April 2023, Brazil's Foreign Minister Mauro Vieira paid a visit to Mexico to participate in the V meeting of the Mexico-Brazil Binational Commission and celebrated the centenary of the opening of the Brazilian embassy in Mexico. [4] In October 2024, President da Silva travelled to Mexico to attend the inauguration of President Claudia ...
The Ministry of Foreign Affairs, also known as Itamaraty, is the government department responsible for advising the President and conducting Brazil's foreign relations with other countries and international bodies. Itamaraty's scope includes political, commercial, economic, financial, cultural and consular relations, areas in which it performs ...
Cars made in Mexico, on the other hand, can be exported to the U.S. tariff-free thanks to the U.S.-Mexico-Canada Agreement, so long as three-quarters of the vehicle's parts were built in North ...
Thus the Brazil-Mexico Bilateral Commission was released in March 2007 to strengthen their relations. [254] In August 2007, when President "Lula" da Silva paid a state visit, both leaders agreed to coordinate their foreign policies towards Latin America in order to further integrate the region. [255]
Chinese automaker BYD Co Ltd will start selling two new electric vehicle models in Brazil this month, betting on favorable political and environmental developments in Latin America's largest ...