Brazil Approves Agreement of Cooperation and Facilitation of Investments between Brazil and Mexico
Through Legislative Decree 51, published today, on April 18, 2017 in the Brazilian National Gazette, Brazil has approved the Agreement of Cooperation and Facilitation of Investments between Brazil and Mexico, signed on May 26, 2015 in Mexico City.
The Agreement aims to promote and facilitate investments, including the investments that had been made before the Agreement’s entry into force, as well as to grant a no less favorable treatment to Brazilian investors in Mexico and vice-versa.
The Brazil-Mexico Cooperation and Investment Facilitation Agreement represents a new model for investments by stimulating reciprocal support through an intergovernmental dialogue, providing support to companies in the internationalization process, and foreseeing greater dissemination of business opportunities and exchange of information on regulatory frameworks. It also establishes a set of guarantees for investment, as well as adequate mechanisms for the prevention and settlement of disputes.