Mexico expects TLCUEM agreement
At the end of February 2018, Mexico and the European Union (EU) have the effect of renewing the trade agreement agreed since 1997
The agreement largely covers industrial products and now aims to add agricultural products, services, investment and government procurement, as well as provisions on labor standards and protection of the environment.
Why part of the benefits of this treaty is Industrial and agricultural degradation:
• Since 2003, 100% of Mexican industrial goods enter the EU free of duty.
• As of 2007, the industrial goods of the EU that enter Mexico do so
• Currently, almost 80% of agricultural exports from Mexico to the EU are preferential access (the rest are excluded or subject to a quota).
• For its part, 60% of EU agricultural sales in Mexico also receive preferential treatment.
Value of the TLCUEM Commercial Partner
• The EU ranks second in the Mexican export market, after the US. UU
• The TLCUEM is one of the most important treaties in the global economy.
• The TLCUEM covers trade. The TLCUEM covers the trade of goods and services. Includes services and services, contains special chapters to boost commercial and economic activity, promote direct investment to improve opportunities and strategic alliances for the Mexican company.
• The TLCUEM has managed the increase of bilateral relations.
The main imports of Mexico according to Banxico son:
• Mineral products
• Electrical equipment and machinery
• Transportation equipment
• Precision instruments for optics and photography
• Farming
• Main Exports to Mexico
• Electrical equipment and machinery
• Electrical equipment and equipment
• Transportation equipment
• Chemical products
• Mineral products
• Farming
The challenges so far are to open counterpart markets for food and beverages, such as tequila, chicken and asparagus from Mexico and dairy products from Europe. Additionally, an EU request for the recognition of geographical indications.
The EU also wants its companies to be able to buy government tenders in Mexico, including at the state level. The foreign negotiators.
Mexico was the first country in Latin America to sign with the EU, in 1997, an agreement
of economic association, political coordination and cooperation, in force since 2000.
Additionally, Mexico has a network of 12 free trade agreements with 46 countries (FTA), 32 Agreements for the Promotion and Reciprocal Protection of Investments (APPRI) with 33 countries and 9 agreements of limited scope (Economic Complementarity Agreements and Agreements of Partial Scope) within the framework of the Latin American Integration Association (ALADI).
