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European Union and Mexico TRADE agreement

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European Union and Mexico TRADE agreement

La UE y México ultiman las negociaciones del nuevo acuerdo comercial, que permitirá una bajada de aranceles y que las empresas de la UE puedan vender más servicios en México.

 

EUROPEAN COMISSION | Lunes, 4 de mayo de 2020

 

The European Union and Mexico have reached an “agreement in principle” on the main trade parts of a new EU-Mexico association agreement. The new agreement replaces a previous deal between the EU and Mexico from 2000.

The original association agreement brought many trade benefits to the EU and Mexico, though some trade barriers still remain.

The new deal will:

  • scrap high Mexican tariffs on European food and drinks
  • allow EU firms to sell more services to Mexico
  • pledge to protect workers’ rights and the environment

Negotiations with Mexico started in May 2016 and both sides reached an agreement in principle on the trade part in April 2018.

The new agreement, once ratified, will replace the existing EU-Mexico Global Agreement, which entered into force in 2000.

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