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EU, Mexico Complete Fifth Round Of FTA Talks

by Ulrika Lomas, Tax-News.com, Brussels

03 October 2017


The EU has announced that it has concluded a fifth round of trade talks with Mexico, during which 21 negotiating groups met to discuss key issues.

The EU said that the talks took place at the end of September. It explained that the talks focused on the text proposals for the trade chapter, as well as on the market access offers on goods, services, and public procurement that were exchanged in July.

According to the EU, some groups advanced more than others, but overall there was good progress.

A sixth round of talks will take place in Mexico City at the end of November. The EU's objective is to conclude the agreement by the end of 2017. Negotiations were launched in May 2016.

The EU is Mexico's third-largest trading partner after the US and China, while in 2016, the EU was Mexico's second-biggest export market after the US.

In 1997, a Global Agreement between the EU and Mexico entered into force. It includes trade rules that were later developed into the current free trade agreement, in force since October 2000.

TAGS: free trade agreement (FTA) | export duty | tariffs | trade treaty | China | Mexico | agreements | United States | import duty | trade | European Union (EU) | services | Europe

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