Agreement In Principle Eu Mexico

9. September 2021

On 28 April 2020, Mexico and the European Union concluded negotiations on the modernisation of the trade pillar of the agreement. This was the last outstanding element of their new trade agreement. The agreement BETWEEN the EU and Mexico was reached after „months of intensive negotiations“, said a statement between EU Trade Commissioner Cecilia Malmström, her Agriculture counterpart Phil Hogan and Mexican Economy Minister Ildefonso Guajardo Villarreal. 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 EU and Mexico shared on Saturday (April 21st), they reached an „agreement in principle“ on the modernization of an existing free trade agreement, as the Latin American country is under pressure from protectionist measures threatened by US President Donald Trump. The agreement in principle with Mexico follows an agreement reached last year with Japan and will arrive ahead of next week`s talks with the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay. Mexican Economy Minister Ildefonso Guajardo Villarreal (l) and EU Trade Commissioner Cecilia Malmstrom (R) at a press conference at the start of negotiations on an updated trade and investment agreement between Mexico and the EU on 30 May 2016 in Brussels, Belgium. [EPA/OLIVIER HOSLET] In 1997, Mexico was the first country in Latin America to sign a partnership agreement with the EU. The Economic Partnership, Political Coordination and Cooperation Agreement between the EU and Mexico entered into force in 2000 and created a free trade area (FTA) between the two parties (see Trade section below). It also establishes regular high-level contacts between the EU and Mexico and has served as a catalyst for increased investment flows.

[3] German Chancellor Angela Merkel welcomed the deal on Sunday and said it would benefit Mexico, Europe and Germany. The Interim Agreement, which was to enter into force until the entry into force of the Comprehensive Agreement, was approved by the Mexican Senate on 23 April 1998. 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. On 28 On 27 April 2020, the EU and Mexico concluded the final outstanding element of the negotiations on their new trade agreement and agreed on the exact extent of the reciprocal opening of public procurement and on a high degree of predictability and transparency in public procurement processes. This will enable the EU and Mexico to sign and ratify this Agreement in accordance with their respective rules and procedures. [5] 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. In December 1997, the European Union and Mexico signed an agreement consisting of three pillars: an Economic Partnership, Political Cooperation and Cooperation Agreement (known as the „Global Agreement“), which laid the foundations for the negotiation of a free trade agreement between Mexico and the European Union; an Interim Agreement on Trade and Trade-Related Matters (known as the „Interim Agreement“), which specifies the framework and mechanisms for the liberalisation of trade-related measures and a Final Act. . . .

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