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Mexico Global Agreement

by Renkema

The agreement also contains progressive rules on sustainable development. In particular, the EU and Mexico have pledged to implement effectively the commitments they have made under the Paris Agreement on climate change. Negotiations on the enlargement and modernization of the scope of the comprehensive agreement between the European Union and Mexico began on 25 May 2016 and the parties reached an agreement in principle on 21 April 2018. Since then, the text of the updated trade agreement has been the subject of legal review by European Commission experts known as “legal scouring”. After the conclusion of the formal trade negotiations, it was only the successful access of Irish and regional companies to the public procurement market at national and regional levels. The agreement contains provisions on customs and trade facilitation, which aim to reduce processing times at the border and make trade in goods cheaper, faster, more predictable and more efficient. Negotiations on the enlargement and modernization of the scope of the eu-Mexico comprehensive agreement began on 25 May 2016. The agreement has been adapted to meet new global political and economic challenges. Modernization includes good regulatory practices, increased trade in agriculture and food, common health and plant health standards (food security and animal and plant and plant health), sustainable development in labour and the environment, rules of origin and investment protection. The political component of the agreement deals with issues such as human rights, the fight against corruption and international cooperation. 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. The conclusion of this new agreement between Mexico and the European Union sends a strong message to the world on the importance of keeping markets open, cooperating multilaterally to meet our global challenges and working together for the good of humanity. The EU and Mexico announced today that they have agreed on the latest elements being negotiated to modernize their trade agreement as part of the broader global agreement.

Negotiations on the enlargement and modernization of the scope of the eu-Mexico comprehensive agreement began on 25 May 2016. Almost all merchandise trade between the EU and Mexico will now be tariff-free, including in the agricultural sector. Simpler customs procedures will continue to benefit EU industry, including in sectors such as pharmaceuticals, machinery and transport equipment. The agreement also contains progressive rules on sustainable development. In particular, the EU and Mexico have pledged to implement effectively the commitments they have made under the Paris Agreement on climate change.