Both sides are finalizing the legal revision of the text of the modernized agreement. After translation into all EU languages, it will be forwarded to the EU Member States and the European Parliament for signature and closure. Mexico and the European Union successfully concluded negotiations for an updated trade agreement on 28 April 2020, subject to the agreement of both parties.  The purpose of this Trade Agreement is to establish a framework that promotes the development of trade in goods and services and their bilateral and preferential, progressive and reciprocal development, taking into account the sensitivity of certain product and services sectors and in accordance with the relevant WTO rules. The Joint Council is responsible for defining the modalities and timetable for the liberalization of tariffs and non-tariff barriers to trade in goods, in accordance with the relevant WTO rules. The Decision covers the following topics: The Free Trade Agreement between Mexico and the European Union (EU-MX Free Trade Agreement) is a trade agreement between the European Union and Mexico. It was signed in Brussels on 8 December 1997 under the name “Economic Partnership, Political Coordination and Cooperation Agreement between the United Mexican States and the European Community and its members”. The agreement entered into force on 1 October 2000, and taxes levied on a large quantity of importing goods were abolished or reduced. In April 2018, the EU and Mexico reached an “agreement in principle” on trade from a modernised global agreement between the EU and Mexico. The new agreement will replace a previous EU-Mexico agreement from 2000.
On 28 April 2020, the EU and Mexico concluded the final outstanding element of the negotiations on their new trade agreement, namely the exact extent of mutual procurement to public procurement at the subcentric level. Unless otherwise stated, the “EU” refers, for all years indicated, to the current European Union of 27 Member States. The EU and Mexico meet regularly to discuss issues and best practices related to the implementation of trade decisions under the global agreement. Minutes of meetings of the Joint Committee, special committees and other bodies. . . .