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  • President Dilma Rousseff upon her arrival in Mexico City

    President Dilma Rousseff upon her arrival in Mexico City's International Airport. | Photo: Reuters

Published 26 May 2015

The two countries will discuss new agreements to improve trade.

Brazilian President Dilma Rousseff began an official visit Monday in Mexico, where she is set to meet with her counterpart Enrique Peña Nieto.

Rousseff and her delegation were greeted in Mexico's International Airport by Foreign Minister Jose Antonio Meade.

RELATED: S&P: Violence, Corruption Could Affect Mexico's Economy

On Tuesday, the Brazilian head of state will visit the National Palace, where she will meet with Peña Nieto to discuss a series of agreements regarding investments protections, tourism and commercial cooperation.

Both nations concentrate 58 percent of Latin America's exports, making the relationship between them a strategic one. Both countries amass 62 percent of the region's gross domestic product. 

RELATED: Brazil, Uruguay Agree to Trade in Local Currencies

Brazil is particularly interested in investing in the oil-rich Gulf of Mexico through its state-owned company Petrobras.

Private investments will also be prioritized. The Brazilian delegation includes a dozen businessmen invited by the government to analyze new investment opportunities in the North American nation.

On Wednesday, Rousseff is set to attend a special session in Congress and the famous National Anthropology Museum.

President Rousseff's visit comes after Chinese Premier Li Kekiang announced US$50 billion worth in investments in Brazil last week. The South American country is also trying to broaden its commercial ties with Latin America's largest economies.

It is the first time in five years that a Brazilian president visits Mexico.

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