AIG Global Trade Series 2024 Podcast Episode 3

Mexico and Brazil - Trading Up?


With geopolitics, concerns for economic security and ambitious industrial policies creating new trading patterns and dependencies, global value chains are being reshaped. This fluid new landscape of global trade presents both opportunities and challenges for two of Latin America’s strongest economies: Mexico and Brazil.

What are the main factors driving the integration of Mexico and Brazil in global value chains? How has the Biden Administration’s industrial strategy impacted Mexico and how is Brazil leveraging its relationship with China, its major source of FDI? What role is trade playing in the industrial development of both countries? And what does the experience of Mexico and Brazil tell us about the place of Latin America in the global economy?

The AIG Global Trade Series 2024 is a series of podcasts analysing the complex interplay of factors shaping the global trade system. The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade:
the Aspen Institute Germany; CEBRI - the Brazilian Center for International Relations; Chatham House (UK); the Clingendael Institute (The Netherlands); Elcano Royal Institute (Spain); ERIA – the Economic Research Institute for ASEAN and East Asia (Indonesia); IIEL - the Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan); and the St. Gallen Endowment for Prosperity through Trade (Switzerland).


  • Date: April 4, 2024


  • Victor do Prado, Senior Fellow, Brazilian Center for International Relations – CEBRI
  • Shannon O'Neil, Vice President of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies, Council on Foreign Relations


  • Rem Korteweg, Senior Research Fellow, Clingendael Institute