Eu Mexico Agreement Text

Both sides are in the process of finalizing the legal revision of the text of the modernized agreement. After translation into all EU languages, it is sent to EU Member States and the European Parliament for signature and conclusion. The eighth round of negotiations took place in Mexico City from 8 to 7 January 2018. The ninth round of negotiations began on 12 February 2018 in Mexico City. On 21 April 2018, Mexico and the European Union concluded negotiations for a new global agreement. The new agreement includes political, economic and cooperative aspects to strengthen political dialogue, boost trade and investment and strengthen technical and scientific cooperation between the two sides. The free trade agreement applies to trade in industrial products, fish and seafood. In addition, bilateral agricultural agreements have been concluded between the various EFTA countries and Mexico, which are part of the instruments for creating the free trade area. The European Union and Mexico have reached an “agreement in principle” on the main trade parties of a new eu-Mexico association agreement. The new agreement replaces a previous agreement between the EU and Mexico in 2000.

The Free Trade Agreement between Mexico and the European Union (EU-MX FTA) is a trade agreement between the European Union and Mexico. Signed on 12 December 1997 in the city of Brussels as the “Economic Partnership, Political Coordination and Cooperation Agreement between the Mexican United States and the European Community[1] and its members.” The agreement came into force on 1 October 2000[2] and the tax on a large quantity of import goods was abolished or reduced. Agricultural trade is the responsibility of three bilateral agricultural agreements negotiated between the State of EFTA (Iceland, Norway and Switzerland) and Mexico. These agreements are part of the instruments for creating the free trade area and are governed by the disciplines applicable to trade in goods in the main agreement. They provide for significant concessions on both sides, taking into account the respective sensitivities. Each agreement contains specific rules of origin, usually based on “fully preserved” criteria. The result is more liberal rules in sectors where one party is facing a shortage of raw materials or components (for example). B for chemicals, machinery and auto parts). In the textile and clothing sector, Mexico grants EFTA states quotas for imports of textile and clothing products into Mexico under a more liberal regime (Annex I, point a) of Schedule I.

Negotiations with Mexico began in May 2016 and the two sides reached an agreement in principle on the trade side in April 2018. The aim of this agreement is to create a framework for the development of trade in goods and services and their bilateral and preferential, progressive and reciprocal trade relations, taking into account the sensitivity of certain sectors of goods and services, in accordance with WTO rules in this area. The Joint Council is responsible for defining the modalities and timing of the liberalisation of tariffs and non-tariff barriers, in accordance with relevant WTO rules.