Mexico Eu Free Trade Agreement Rules Of Origin
On 3 April 2017, Mexico and the European Union held the third round of negotiations in Brussels, Belgium, aimed at modernising their free trade agreement. On 8 May 2017, Mexico and the EU announced dates for the next three trade negotiations: 26-30 June, 25-29 September and 27 November to 1 December 2017. The fourth round of negotiations began on 26 June 2017 in Mexico City. The fifth round of negotiations consisted of 21 negotiating groups and concluded in Brussels on 2 October 2017. The sixth round of negotiations on the modernization of the free trade agreement ended on December 5, 2017 in Mexico City. The agreement between the EU and Mexico will not change the rules that suppliers, whether abroad or domestically, will have to comply with: yes, it is. The precautionary principle is also enshrined in EU treaties and EU trade agreements must respect these treaties. I. Introduction For Mexico, the Free Trade Agreement with the European Union (“FTAEU”) was a natural step after the North American Free Trade Agreement (NAFTA). After NAFTA, the government of President Carlos Salinas and the government of President Ernesto Zedillo (1994-2000) continued negotiations on other free trade agreements to take advantage not only of NAFTA, which provided access to one of the world`s largest markets, but also to Mexico`s strategic geographic position. In a first phase, these administrations presented Mexico as a trade bridge between North and Central and South America; in a second phase as a bridge between America and Europe; and finally, in a third phase, which is still being developed, as a trade link between America and Asia. That is why, between 1994 and 2000, Mexico concluded six free trade agreements with nine different American countries, including Bolivia, Chile, Costa Rica, Colombia, Venezuela, Nicaragua, El Salvador, Guatemala and Honduras.
In addition, Mexico has implemented the free trade agreement with the European Free Trade Association (ALLEC). Trade between Mexico and European Union countries has declined over the past decade.