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Locations of Mexico and the European Union on the world map
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| Type | Multilateral treaty |
|---|---|
| Signed | 12 August 1997 (1997-08-12) |
| Location | Brussels, Belgium |
| Effective | 1 October 2000 |
| Original signatories | |
Free Trade Agreement between Mexico and the European Union (FTA EU-MX), is a trade agreement between the European Union and Mexico. It was signed on December 8, 1997, in the city of Brussels, under the designation "Agreement of Economic Partnership, Political Coordination and Cooperation between the United Mexican States and the European Community[1] and its members". On October 1, 2000 the agreement came into force,[2] and taxes applying to a large quantity of importing goods were eliminated or reduced.
The goal of this trade agreement is to establish a framework to encourage the development of trade in goods and services and their bilateral and preferential, progressive and reciprocal, taking into account the sensitivity of certain products and services sectors, and in accordance with relevant WTO rules. The Joint Council is responsible for deciding the arrangements and timetable for the liberalization of duties and non-duties barriers to trade in goods, in accordance with the relevant WTO rules. The decision shall include the following subjects:[3]
Mexico and the European Union successfully ended negotiations on an updated trade agreement on 28 April 2020, pending approval by both sides.[4]
