Mexico and Brazil to double commerce

Mexico and Brazil will take steps this year to ease restrictions on bilateral trade and aim to double their shared commerce in less than 10 years, the leaders of Latin America's two biggest economies said on Tuesday. During a visit to Mexico City, Brazilian President Dilma Rousseff said in a speech that talks would begin in July in an effort to increase the range of products included in a joint trade agreement known as ACE 53 from just over 800 to more than 6,000. The wider accord would aim to cover industrial and agricultural goods and would include new chapters relating to services, online commerce and intellectual property, among others, Mexico's President Enrique Pena Nieto said at the same event. At the start of 2013, Mexico and Brazil said they would consider cooperation between Pemex and Petrobras.