New EU-Mexico trade agreement: The Agreement in Principle and its texts

Further information:

The European Union and Mexico announced on 21 April 2018 an Agreement in Principle regarding a revised trade agreement between the two sides.

Background information:

The negotiations for the new agreement with Mexico started in May 2016 based on negotiating directives from the Council of the European Union. In addition to close scrutiny from the European Parliament and Member States, the Commission ensured access to information about the progress in the negotiations by publishing regular reports from the negotiating rounds, as well as negotiating proposals.

The trade pillar is part of a broader Global Agreement, which sets the framework for the EU's relationship with Mexico and covers issues of broader shared interest that go beyond trade, including political issues, climate change and human rights. In 1997, Mexico was the first country in Latin America to sign a Global Agreement with the EU. This came into force in 2000, and was set to be replaced by the new agreement once it was ratified.

+ EPRS: Analysis of the upcoming Modernisation of the Trade Pillar of the European Union- Mexico Global Agreement [Study, April 2017]
+ EPRS: International Agreements in Progress: Modernisation of the trade pillar of the EU-Mexico Global Agreement [Briefing, September 2017]

The European Union and Mexico announced on 21 April 2018 an Agreement in Principle regarding a revised trade agreement between the two sides.

• Primary Source

European Commission: Press Release, 21.04.18: EU and Mexico reach new agreement on trade http://europa.eu/rapid/press-release_IP-18-782_en.htm

European Commission: Joint statement by Commissioners Malmström and Hogan, and the Secretary of the Economy of Mexico, Guajardo Villarreal Joint statement by Commissioners Malmström and Hogan, and the Secretary of the Economy of Mexico, Guajardo Villarreal http://europa.eu/rapid/press-release_STATEMENT-18-3481_en.htm

European Commission [Fact Sheet]: Key features of the EU-Mexico trade agreement http://europa.eu/rapid/press-release_MEMO-18-1447_en.htm

Reuters, 21.04.18: EU and Mexico agree new free trade pact https://www.reuters.com/article/idUSKBN1HS0PF

Politico, 21.04.18: Mexico’s EU trade deal lands a punch on Trump https://www.politico.eu/article/mexicos-eu-trade-deal-lands-a-punch-on-trump/

CNN Money, 22.04.18: Mexico and EU reach new trade deal http://money.cnn.com/2018/04/22/news/economy/eu-mexico-trade-agreement/index.html

Jurist, 22.04.18: EU and Mexico sign new free trade deal http://www.jurist.org/paperchase/2018/04/the-european-union-and-mexico-signed-a-new-free-trade-deal-on-saturday.php

EurActiv, 23.04.18: EU, Mexico reach ‘agreement in principle’ on free trade deal https://www.euractiv.com/section/economy-jobs/news/eu-mexico-reach-agreement-in-principle-on-free-trade-deal/

Deutsche Welle, 21.04.18: EU and Mexico reach 'agreement in principle' to modernize free trade deal http://p.dw.com/p/2wSUD

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