Mexico Eu Trade Agreement Text

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. “These free trade agreements, worthy of the old world, must stop. It is time to save lives, not destroy them,” said left-wing French MP LeĆ©la Chaibi, a member of the European Unitarian Left-Nordic Green Left. On 30 May 2016, Mexico and the European Union formally began talks to update their current free trade agreement. The first round of negotiations for the modernization of the agreement was held in Brussels, Belgium, on 13 and 14 June 2016. The second round of negotiations for the modernization of the agreement was held in Mexico City from 22 to 25 November 2016. On 28 April 2020, Mexico and the European Union concluded negotiations on modernising the trade pillar of the agreement. This was the last outstanding element of their new trade agreement. The European Commission will submit the text to the Council and the European Parliament for adoption. 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 measures (called the “interim agreement”) which was the framework and mechanisms for trade liberalization and a final act.

The rules of origin of industrial goods (Annex I) relating to the definition of the concept of native products and methods of administrative cooperation are based on the current European model and retain the general structure and content of standard European rules. The specific list rules (Appendix 1 of Appendix I) of the annex are based on the EU-Mexico framework, adapted to the specific needs and requirements of the EFTA states and Mexico, taking into account trade flows between the parties. The initial Association Agreement brought many trade benefits to the EU and Mexico, although some trade barriers remain. The EU-Mexico Joint Council held its first session on 27 February 2001. During this session, the Joint Council adopted the conclusions of the negotiations on trade in services, capital flows and related payments, as well as on intellectual property, which are expected to come into force on 1 March 2001. The session was also adopted by Decision 02/2000 and the information document relating to Decision 02/2000 would enter into force Title III on public procurement on 27 February 2001. The last meeting of the EU-Mexico Joint Council was held in Prague (Czech Republic) in May 2009. 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 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.