MEXICO - EU
After one year of negotiations, Mexico and the EU reached an agreement
on November 24, 1999, starting the 1st of july,2000.
The trade agreement with Mexico is the most comprehensive ever negotiated
by the EU.
...with
broad coverage...
I. Market access
II. Rules of Origin
III. Technical standards
IV. Sanitary and phytosanitary standards
V. Safeguards
VI. Investment an related payments
VII. Trade in services
VIII. Government procurement
IX. Competition Policy
X. Intellectual Property
XI. Dispute settlement
...that
will provide a new foundation for the bilateral relationship
Enhanced access
to both Parties markets
Elimination of tariffs
Dismantling of other
barriers to trade
Added certainty
through clear rules for bilateral trade
Effective protection
of traders and investors rights
Impartial dispute
settlement mechanism
Rapid tariff
phaseout...
Tariff on exports from the UK to Mexico.
Well-structured
rules of origin will foster bilateral trade
The Parties agreed
on a set of rules of origin that takes into account the specificities of the
bilateral relationship.
The agreed rules
will promote bilateral trade without extending the benefits of preferential
treatment to third countries.
Agricultural trade
Negotiation of tariff
phaseout for the most sensitive products (meat, diary products, cereals) has
been deferred until 2003, giving the EU time to consolidate current CAP reforms.
Main export interest
of both Parties will benefit from preferential access, given that agricultural
sectors are complementary in these products.
Removal
of barriers to trade in goods and services
Through the Mexico-EU
FTA, both Parties commit to a set of core criteria for government action in
matters related to bilateral trade.
I.
Technical standards
Both sides keep the
right to adopt them
A special committee
will control that standards do no become barriers to trade
II.
Sanitary and phytosanitary standards
They must be scientifically
justified
A subcommittee will
ensure cooperation to solve access problems
III. Safeguards:
Parties have the
right to protect industries through temporary increase of tariffs
Tariff increases
are limited to 3 years
Compensation must
be given
IV.
Trade
in services:
NAFTA-parity conditions
for EU providers
Commitment to access
conditions
Further negotiations
in 2003
New
opportunities in government procurement
The Mexico-EU FTA
will give EU suppliers access to the Mexican procurement market under the
same conditions granted to Mexican enterprises.
Mexico will provide
access to all federal government entities and state-owned enterprises, including
the health and energy sectors.
Clear
rules for dispute settlement
Provisions for the impartial and effective resolution of trade disputes
between governments will:
όensure permanent access for both Parties
exports
όguarantee improved conditions for productive
investment
Added
certainty for investment flows
The Mexico-EU FTA will create a solid framework for investment:
Guaranteed access conditions for investment flows.
Confirmation of both Parties international commitments.
Protection of intellectual property rights.
MEXICO:
the transatlantic hub for trade and investment
The Mexico-EU FTA
will:
Put EU enterprises on an equal footing with NAFTA competitors.
Link the EU to Mexico's network of FTAs with the US, Canada, Israel and six countries
in Latin America.
For more information:
Mexico - European Union Free Trade Agreement text (English)
http://www.europa.eu.int/comm/trade/bilateral/mexico/fta.htm
Mexico - European Union Free Trade Agreement text (Spanish)
http://www.economia-snci.gob.mx/Tratados/DOF-UE/dof-ue.htm
REPRESENTATIVE
OFFICE OF THE MEXICAN MINISTRY OF ECONOMY IN BRUSSELS
http://www.economia-bruselas.gob.mx/
92 Avenue Franklin
Roosvelt
1050 Brussels Belgium
Tel
(33 2) 644 3311
Fax (32 2) 644
0445