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EU, Mexico to Update Free Trade Accord with US, Canada Deals

Posted May 12, 2015

Under Economic Issues, International Trade Issues

(Economic Times)

The EU and Mexico agreed Monday to update a free trade accord sealed in 2000 to bring it into line with benchmark deals negotiated with Canada and the United States.

Mexico is part of the North American Free Trade Agreement which Washington pushed through in 1994 to set the model for others to follow. [...]

EU Trade Commissioner Cecilia Malmstroem said the 2000 pact with Mexico had boosted trade, investment and economic growth for both parties but the world has moved on.

“Our agreement has removed mostly tariff barriers and now our businesses face other types of barriers that we need to tackle,” Malmstroem said after talks with Mexico’s Economy Minister Ildefonso Guajardo in Brussels. Click here to read more.