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EU and Mexico make free trade area deal

Source : 112 Ukraine

The Agreement has to be approved in the EU Council and the European Parliament to come into force
10:05, 22 April 2018

AFP

Anna Cecilia Malmström, the  European Commissioner for Trade, informed about an Agreement on free-trade between the European Union and Mexico reached on her Twitter

The Agreement has to be approved in the EU Council and the European Parliament to come into force.

The Agreement is aimed at the reduction of the dependence of the European trade on the U.S. protectionist barriers (including on steel and aluminum) continuing the policy of the bilateral agreements, the one with Japan in particular. The EU is conducting talks on such agreements with Argentina, Brazil, Paraguay and Uruguay.

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Such deal was made between Brussels and Mexico 21 years ago in 1997, which concerned manufactured goods. Both parties intend to modify the agreements by adding agricultural production, service, food supplies, and to synchronize the standards of the labour legislation and the laws related to the environment preservation.

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