Eu Mexico Trade Agreement 2000

Mexico and the EU have agreed to accelerate trade negotiations to modernise their free trade agreement. They will hold two new rounds of negotiations on 3 and 7 April and 26 and 29 June 2017, as part of an accelerated negotiating plan. On 14 July 1998, a Joint Committee on the Interim Agreement was set up and negotiations for a free trade agreement were initiated. Nine rounds of negotiations took place between November 1998 and November 1999. Negotiations on the free trade agreement between Mexico and the EU were concluded on 24 November 1999. In April 2018, the EU and Mexico reached an “agreement in principle” on trade from a modernised global agreement between the EU and Mexico. On 3 April 2017, Mexico and the European Union held the third round of negotiations on the modernisation of their free trade agreement in Brussels, Belgium. On 8 May 27, 2017, Mexico and the EU announced dates for the next three rounds of trade negotiations: from 26 to 30 June, from 25 to 29 September and from 27 November to 1 December 2017. The fourth round of negotiations began on 26 June 2017 in Mexico City. The fifth round of negotiations was composed of 21 negotiating groups and ended on 2 October 2017 in Brussels.

The sixth round of negotiations on the modernisation of the free trade agreement ended on 5 December 2017 in Mexico City. On 30 May 2016, Mexico and the European Union officially began talks to update their current free trade agreement. The first round of negotiations on the modernisation of the agreement was held in Brussels, Belgium, on 13 and 14 June 2016. The second round of negotiations on the modernisation of the agreement was held in Mexico City from 22 to 25 November 2016. The Interim Agreement, which was to enter into force until the entry into force of the Global Agreement, was adopted on 23 April 1998 approved by the Mexican Senate. The part of this agreement was approved by the European Parliament on 13 May 1998 and the parties exchanged instruments of ratification on 30 June 1998, which allowed the entry into force of the Interim Agreement on trade and trade-related matters on 1 July 1998. Negotiations with Mexico began in May 2016 and the two sides reached an agreement in principle on the trade side in April 2018. The seventh round of negotiations was held in Brussels, Belgium, from 11 to 21 December 2017. During this round, Mexico and the EU completed their work on competition, SMEs, transparency, SPS, good regulatory practices, trade and sustainable development. Negotiations also covered revised market access offers for products traded after the sixth round of negotiations.

The European Union and Mexico (Latin America`s second largest economy) have concluded a new trade agreement allowing both sides to continue their signature and ratification. This is part of a broader global agreement with the EU covering political issues, human rights and climate change. The agreement: the Commission underlines that Mexico is a major trading partner of the EU in Latin America, with bilateral trade in goods worth €66 billion and trade in services worth an additional €19 billion (based on 2019 and 2018 data) and that EU exports of goods exceed €39 billion per year.

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