Trade Agreement Between Eu And Mexico
Whether they apply to foreign or domestic service providers, the agreement will not change or harm EU or Mexican rules: the agreement should make Mexican products cheaper in stores and offer European consumers a greater choice of products. Yes, she does. The precautionary principle is also enshrined in EU treaties and EU trade agreements must respect these treaties. All industries that trade between Mexico and the EU will benefit directly or indirectly from the modernisation of this agreement. However, some sectors could benefit more, notably: in 2015, the European Commission published new transparency guidelines. Since then, the Commission has published all the new negotiating documents presented in trade negotiations. On 13 May 1996, the General Council of the European Union approved a mandate to negotiate an agreement with Mexico. Negotiations began in October 1996. On 8 December 1997, the European Union and Mexico signed an agreement consisting of three pillars: an agreement on economic partnership, political cooperation and cooperation (known as the „comprehensive agreement“), which laid the groundwork for the negotiation of a free trade agreement between Mexico and the European Union; an interim agreement on accompanying and accompanying measures (known as the „interim agreement“) which was the framework and mechanisms for trade liberalization and a final act. Mexico and the EU have concluded a new trade-in-principle agreement in April 2018[4] that will replace the former once it has been ratified by all EU member states and the Mexican Senate.
The new agreement will cover all products, including the agricultural sector. This will be the first EU trade agreement to include a chapter on the fight against corruption, both for the private and public sectors. [4] „The new type of commitment signed by the EU and Mexico guarantees the stability and credibility on which investors and exporters can reliably build their long-term investment and distribution channel decisions,“ said De Biévre. „There is a policy and legal certainty – a property that is now a great shortage in the United States. For Mexico, a stable and deep trade relationship with one of the three main players in international trade policy, the EU, is an important insurance policy. The agreement will allow the EU and Mexico to cooperate on certain regulatory issues on a voluntary basis. In 1997, Mexico was the first Latin American country to sign a partnership agreement with the EU. The EU-Mexico Economic Partnership, Political Coordination and Cooperation Agreement came into force in 2000 and created a Free Trade Area (CETA) between the two parties (see trade section below). In addition, regular high-level contacts will be established between the EU and Mexico and will serve as a catalyst for increased investment flows. [3] The new agreement will replace an earlier agreement between the EU and Mexico in 2000.
In May 2015, Mexico`s Economy Minister and the European Commission`s Trade Commissioner met to prepare to modernise the trade part of the global agreement between Mexico and the European Union. According to the International Monetary Fund, Mexico is the second largest economy in Latin America and the 15th largest in the world. It promotes values similar to those of the EU, including open and fair trade based on international rules.
