Agreement Eu Mexico

The recent agreement between the European Union (EU) and Mexico has been making headlines around the world. The agreement, which was signed in April 2020, is set to have a significant impact on trade and investment between the two regions. In this article, we will look at the details of this agreement and what it means for businesses and consumers in both the EU and Mexico.

The EU-Mexico Free Trade Agreement (FTA) is an update to the existing agreement that was signed in 2000. The new agreement modernizes the existing one and includes provisions that cover trade in goods and services, investment, government procurement, intellectual property, and sustainable development. The agreement also includes a section on digital trade, which is an increasingly important aspect of modern trade agreements.

One of the primary benefits of the EU-Mexico FTA is the elimination of tariffs on goods traded between the two regions. This means that businesses in both the EU and Mexico will be able to sell their products in each other`s markets without having to pay additional taxes or duties. This is expected to increase trade between the two regions and provide new opportunities for businesses of all sizes.

The agreement also includes provisions on services trade, which is an important aspect of the modern global economy. This includes improved access to services such as telecommunications, financial services, and e-commerce. It also includes provisions on investment, which will make it easier for businesses to invest in each other`s markets. This is expected to increase investment flows between the EU and Mexico and help to create new jobs and opportunities.

Another important aspect of the agreement is the inclusion of sustainable development provisions. This means that both the EU and Mexico have committed to ensuring that their economic growth is sustainable and that it does not have negative impacts on the environment or society. This includes commitments to combat climate change, protect workers` rights, and promote social development.

Overall, the EU-Mexico Free Trade Agreement is an important step forward for both regions. It is expected to increase trade and investment, create new jobs, and promote sustainable development. Businesses of all sizes should be aware of the opportunities that this agreement presents and be prepared to take advantage of them. Consumers can also expect to benefit from increased competition and access to a wider range of products and services. As such, this is an agreement that should be welcomed by all those who are interested in a more interconnected and prosperous global economy.