Six Brazilian companies from the automotive, aerospace and pharmaceutical sectors have shown interest in settling in Querétaro, which is why they are already studying the feasibility of their investments in the entity.

The director of the Mexico-Brazil Chamber (Camebra) in Bajío, Liborio Rauber, explained that the body has become aware of these projects, anticipating that the feasibility studies will be carried out this year, although it is not yet possible to identify the Those interested are expected to start investments in 2023, explained the manager.

The implementation of the Treaty between Mexico, the United States and Canada (T-MEC) is one of the factors that encourages Brazilian companies to settle in entities such as Querétaro, in order to have access to the North American market.

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“The T-MEC has facilitated the entry of Brazilian products via Mexico for being a commercial ally; We are taking advantage of that leverage with Mexico (...) we work a lot on that Mexico-Brazil binomial to intensify the relationship, there is a lot of market”, he explained..

"The United States market, Mexico's largest customer, is demanding greater proximity from the supplier to the purchase market due to logistics, so we are taking advantage, but Mexico has to react more to materialize these investments here," he added.

The director stressed that even Asian investors have approached the Chamber to study their entry into the Mexican market.

Meanwhile, the chamber of commerce lists four trade missions between both nations; In September, two Mexican missions are planned for the aerospace and automotive industries, in order to strengthen the commercial relationship between Mexico and Brazil.

It is expected that the delegation related to the aerospace industry will touch base in the state of Querétaro and the other two remaining missions continue to advance, with the possibility of six commercial missions between Mexico and Brazil.

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El Bajío is a key piece in the itinerary for these missions, due to its outstanding economic growth that has grown by 9.5% for a year, while Brazil has grown at a rate of 5.8%, explained Liborio Rauber.

From 1999 to 2021, Querétaro attracted 663 million dollars of Foreign Direct Investment (FDI) from Brazil, which represents 3.5% of the total captured in the state, according to the Ministry of Economy. In 2021 alone, the entity received 71.5 million dollars of Brazilian investment, the highest amount since 2015.

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