Eu-Mexico Modernised Global Agreement

MEPs S and D welcome the consensus reached this week between Trade Commissioner Phil Hogan and Mexican Economy Minister Graciela Mérquez Colén on the new trade agreement between the two partners. While we will carefully assess the final text, we can say that it will be by far one of the most advanced trade agreements ratified by the European Union, with provisions to maintain the implementation of the Paris climate agreement, simpler customs procedures, respect for human rights and the fight against corruption. , with anti-corruption and money laundering measures. This consensus marks the end of political negotiations on trade issues. Once the legal review of the agreement is complete, the Council of the EU and the European Parliament will sign it and it will enter into force. 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. On 14 July 1998, a joint committee of the interim agreement was established and negotiations were initiated for a free trade agreement. Nine rounds of negotiations took place between November 1998 and November 1999. Negotiations on the free trade agreement between Mexico and the EU, concluded on 24 November 1999. 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.

“From the point of view of the comprehensive agreement, I welcome the considerable progress made on issues such as the protection of human rights and political cooperation and development cooperation – particularly important at a time like this, when we need to rely even more on multilateral dialogue and cooperation between peoples. I look forward to the formal conclusion of the agreement to celebrate this important result together. “At a time of significant common global challenges, enormous joint efforts will be needed to overcome and recover from the economic consequences of the COVID 19 crisis.

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