The EU and Mexico have reached an “agreement in principle” to modernise an existing free trade deal, as the Latin American country faces pressure from protectionist measures threatened by US President Donald Trump.
EU is biggest buyer of Mexican goods following US, Canada. Negotiators are said to aim for announcement during Pena trip.
When the Zapatista National Liberation Army went public, they called NAFTA a death sentence for the indigenous peasants of Mexico
Mexican workers’ wages are at the heart of a major proposal from the United States aimed at breaking through an impasse on automobiles and securing a new North American Free Trade Agreement.
Trump’s negotiators had sought to pen in Mexican regulations. Mexico countered with trilateral plan to promote competition.
Mexico’s economy minister urged officials to push for a speedy renegotiation of the North American Free Trade Agreement (NAFTA), saying his country and Canada must be ready to go it alone if the United States pulls out.
Any new integration model for North America should be based on justice, equality, democracy, peace and care of the environment.
A potential free-trade agreement with China could weaken Mexico’s environmental standards.
The undersigned organisations take the position that it is advisable to break away from the fundamentally flawed and increasingly controversial ISDS system.
Negotiators from the EU and Mexico have begun the ninth round of talks to modernize their free-trade agreement.
Mexico will make a proposal for regional content requirements for autos at the next round of talks to renegotiate the North American Free Trade Agreement (NAFTA), a senior Mexican official said.
The EU and Mexico intend to update a trade deal agreed 21 years ago that largely covers industrial goods. They want to add farm products, more services, investment and government procurement.
The European Union is currently negotiating a series of new free trade agreements that would have a negative impact on consumer rights, environmental standards and democratic principles.
US and Mexican unions will formally complain to the US Labor Department on Thursday that Mexico continues to violate NAFTA’s weak labor standards
Mexico’s deputy economy minister, Juan Carlos Baker, said negotiations will resume in the week beginning Feb. 5, with a quick end in sight.
Prime Minister Malcolm Turnbull is prepared to sign the Trans-Pacific Partnership free trade deal with or without Canada and Mexico
The Commission explained that further work is needed on market access and rules, including geographical indications and investment protection.
Mexico’s Secretary of the Economy signed theConvention on the Settlement of Investment Disputes between states and nationals of other states.
President Trump said a renegotiation of the North American Free Trade Agreement (NAFTA) could yield the money to pay for his long-promised wall along the U.S.-Mexico border.