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EU and Mexico reach new trade agreement

Jaclyn Jaeger | April 30, 2018

The European Union and Mexico reached a new agreement on trade, as part of a broader, modernized EU-Mexico Global Agreement. Practically all trade in goods between the EU and Mexico will now be duty-free, including in the agricultural sector.

In 1997, Mexico was the first country in Latin America to sign a Global Agreement with the EU. This came into force in 2000 and will be replaced by the new agreement once it is ratified. The negotiations for the new agreement with Mexico started in May 2016 based on negotiating directives from the European Council. The trade pillar is part of a broader Global Agreement, which sets the framework for the EU's relationship with Mexico and covers issues of broader shared interest that go beyond trade, including political issues, climate change, and human rights.

The timing of the EU-Mexico trade deal appears to be a response to President Trump's renegotiation of...

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