The European Union and Mexico have started talks to update a free trade agreement that one EU official says has already led to a rise of over 250 percent in goods traded between them.
Trade Commissioner Cecilia Malmstrom said Monday the pact that went into effect in 2000 should be broadened to dismantle additional trade barriers and open markets more effectively.
Ildenfonso Guajardo Villarreal, Mexico’s secretary of economy, said an updated agreement could be a win for both sides by benefiting Mexico’s agro-industrial sector and EU financial and service industries.
The first round of formal negotiations is scheduled for mid-June.
Malmstrom said: “We are old friend and allies in many ways.” She noted Mexico was the first country in Latin America to sign a free trade agreement with the EU.
Source: Associated Press
more recommended stories
Mérida seeks to provide broader public space Internet connection
The technology management of the City.
The Cancun Declaration: 190 countries committed to preserve the environment
Among the commitments of 190 countries.
Immediate response by Yucatán’s law enforcement authorities as they capture Chicxulub murderers
The immediate and effective response by.
TransferWise -from Fail to Success-
How Did TransferWise Grow? TransferWise is.
Tulum to become Mexico’s first sustainable tourism zone
The municipality of Tulum will become.
Yucatan the ultimate bird-watching destination
If you are into birdwatching, Yucatán.
Man drowns in Chuburná Puerto
A construction worker from the town.
Mexico strengthens leadership as an exporter of alcoholic beverages
Mexico Sep. 21 (Notimex).- Mexico strengthened.
Cancun, an example of tourism promotion for Japan
A Quintana Roo delegation of FONATUR.
Homicides in Mexico increase 17% so far in 2018
Intentional homicides in Mexico has increased.