Free Trade Agreement Between Eu And Mexico

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 agreement was adopted by the Council of the European Union on 28 September 2000, after the contracting parties stagnated the necessary notification to enter into force of the agreement and came into force on 1 October 2000. No EU trade agreement obliges governments to privatise or deregulate public services at national or local level. The agreement between the EU and Mexico is no different. Nevertheless, parties reaching an agreement should be allowed to feel at least one moment of pride for the culmination of their efforts. This is probably the current feeling of the EU and Mexico, after four years of negotiations, when they concluded a new trade agreement in April. The agreement makes almost all goods exchanged between the two parties duty-free, but that does not mean that all differences of opinion have been put to bed. The EU views the inclusion of an investment justice system in its trade agreements as a step towards the higher goal of creating a public court for international investment: and like all EU trade agreements, it protects the EU`s right to apply its own standards to all goods and services sold in Europe. The new agreement reaffirms both existing EU and Mexican intellectual property laws.

The agreement also contains provisions relating to corporate governance. The aim is to attract and stimulate investment by strengthening investor confidence and improving competitiveness. This will allow investors to exploit the opportunities created by the trade agreement. Even small exporters are disproportionately affected by smaller barriers because they do not have the time or resources to overcome. That is why the EU wants it to have its own chapter in the agreement. The EU wants the deal: Mexico and the EU have agreed to speed up trade negotiations to modernise their free trade agreement. They will hold two additional rounds of negotiations on April 3 and 7 and June 26-29, 2017, as part of an accelerated negotiating plan. The EU has strict legislation on the protection of workers` rights. The EU and Mexico agreed that the new trade agreement should support existing rights, not reduce or water them down.