Mexico will sign the new Free Trade Agreement with the European Union in May

In 2000, the TLCUEM entered into force and has contributed with 38% of the IED Investment that Mexico receives, with flows that exceed 184.636 million dollars between 1999 and the second half of 2017.

 In May, the modernization of the Free Trade Agreement between Mexico and the European Union (TLCUEM) could be signed, said the Undersecretary of Foreign Trade of the Ministry of Economy (SE), Luz María de la Mora.

The federal official commented that the work between both parties “is very advanced” and only the legal issue of the texts is reviewed, which could be concluded by the end of April.

“And later we would be thinking about a firm,” he said after participating in the 102nd General Assembly of the American Chamber of Commerce (Amcham).

Mexico and the European Union concluded talks on negotiating the new agreement in April last year, sending the message of keeping markets open and working together multilaterally to face global challenges.

In 2000, the TLCUEM entered into force and contributed with 38% of the Foreign Direct Investment (FDI) received by Mexico, with flows exceeding 184,636 million dollars between 1999 and the second half of 2017, according to official figures. .

As for the Brexit, which is the process of leaving Britain from the community block, De la Mora indicated that the Mexican government will wait to end this process of separation from the European Union, and then negotiate bilateral trade conditions.

Source: Forbes

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