Agreement In Principle Eu Mexico

The eighth round of negotiations took place in Mexico City from 8 to 7 January 2018. The ninth round of negotiations began on 12 February 2018 in Mexico City. On 21 April 2018, Mexico and the European Union concluded negotiations for a new global agreement. The new agreement includes political, economic and cooperative aspects to strengthen political dialogue, boost trade and investment and strengthen technical and scientific cooperation between the two sides. The interim agreement, which was to be in force until the comprehensive agreement came into force, was approved by the Mexican Senate on 23 April 1998. The proceeds of this agreement were approved by the European Parliament on 13 May 1998 and the parties exchanged instruments for ratification on 30 June 1998, allowing the interim agreement on accompanying and accompanying measures to enter into force on 1 July 1998. The agreement between the EU and Mexico was reached after “months of intense negotiations,” he said in a statement signed by EU Trade Commissioner Cecilia Malmstrom, agriculture colleague Phil Hogan and Mexican Economy Minister Ildefonso Guajardo Villarreal. The tentative agreement with Mexico follows an agreement reached last year with Japan and comes ahead of next week`s talks with the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay. The initial Association Agreement brought many trade benefits to the EU and Mexico, although some trade barriers remain.

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, the EU and Mexico concluded the last outstanding element of negotiations on their new trade agreement, namely the exact scope of reciprocal opening of public procurement at the sub-central level. Mexico and the European Economic Community (EEC) signed an agreement on 15 July 1975 to promote economic and trade relations. [1] [2] Mexico and the European Union (EU) have concluded a free trade agreement since 2000 and both benefit from significant investment flows. [3] On 28 April 2020, the EU and Mexico concluded the final outstanding element of negotiations on their new trade agreement and agreed on the exact scope of reciprocal openness of public procurement and a high degree of predictability and transparency in procurement procedures. This will enable the EU and Mexico to promote the signing and ratification of this agreement in accordance with their respective rules and procedures. [5] A joint committee of the interim agreement was established on 14 July 1998 and negotiations were initiated for a free trade agreement.