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The European Union and Mexico have reached an "agreement in principle" on the main trade parts of a new EU-Mexico association agreement. The new agreement replaces a previous deal between the EU and Mexico from 2000.
The original association agreement brought many trade benefits to the EU and Mexico, though some trade barriers still remain.
The new deal will:
- scrap high Mexican tariffs on European food and drinks
- allow EU firms to sell more services to Mexico
- pledge to protect workers' rights and the environment
Negotiations with Mexico started in May 2016 and both sides reached an agreement in principle on the trade part in April 2018.
The new agreement, once ratified, will replace the existing EU-Mexico Global Agreement, which entered into force in 2000.
About the agreement
The EU and Mexico meet regularly to discuss issues and best practices relating to the implementation of the trade decisions under the Global Agreement.
EU-Mexico trade in your town
This year, the EU and Mexico celebrate the 20th anniversary of the entry into force of their Economic Partnership, Political Coordination and Cooperation Agreement, known as the Global Agreement.
The European Union and Mexico concluded today the last outstanding element of the negotiation of their new trade agreement.