„The new type of commitment signed by the EU and Mexico guarantees the stability and credibility on which investors and exporters can reliably build their long-term investment and distribution channel decisions,“ said De Biévre. „There is a policy and legal certainty – a property that is now a great shortage in the United States. For Mexico, a stable and deep trade relationship with one of the three main players in international trade policy, the EU, is an important insurance policy. „The economic, social and political differences between the EU and Mexico represent the comparative advantages of each party for the mutually beneficial trade in goods and services,“ Dirk De Biévre, professor of international politics and chair of the department of political science at the University of Antwerp, told World Finance. „These differences make them complementary savings that create the conditions to take advantage of trade facilitation and the stabilization of mutual expectations that a trade agreement can offer.“ The initial Association Agreement brought many trade benefits to the EU and Mexico, although some trade barriers remain. The European Union and Mexico have reached an „agreement in principle“ on the main trade parties of a new eu-Mexico association agreement. The new agreement replaces a previous agreement between the EU and Mexico in 2000. Nevertheless, parties reaching an agreement should be allowed to feel at least one moment of pride for the culmination of their efforts. This is probably the current feeling of the EU and Mexico, after four years of negotiations, when they concluded a new trade agreement in April. The agreement makes almost all goods exchanged between the two parties duty-free, but that does not mean that all differences of opinion have been put to bed. If you agree, it is difficult to answer the question of what the impact of the new agreement will be on national economies at this stage. Tariff reductions are significant and are completely eliminated for poultry, cheese, pork and many other agri-food products. On 13 May 1996, the General Council of the European Union approved a mandate to negotiate an agreement with Mexico.
Negotiations began in October 1996. On 8 December 1997, the European Union and Mexico signed an agreement consisting of three pillars: an agreement on economic partnership, political cooperation and cooperation (known as the „comprehensive agreement“), which laid the groundwork for the negotiation of a free trade agreement between Mexico and the European Union; an interim agreement on accompanying measures (called the „interim agreement“) which was the framework and mechanisms for trade liberalization and a final act.
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