EU and Mexico conclude negotiations for new trade agreement
Advancing to the signature and ratification of the new trade agreement between the European Union and Mexico, the parties agreed on April 28th on the exact scope of the reciprocal opening of public procurement markets and a high level of predictability and transparency in public procurement processes, as a last element of the negotiation of the agreement.
Under the new EU-Mexico agreement, practically all trade in goods between the EU and Mexico will be duty-free. The agreement also now includes progressive rules on sustainable development, such as a commitment to effectively implementing the Paris Climate Agreement. It is also the first time that the EU agrees with a Latin American country on issues concerning investment protection. Simpler customs procedures will further help boost exports.
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