While free trade agreements are aimed at boosting trade, too many cheap imports could threaten a country`s producers, which could affect employment. The rules of origin for a country`s products are set out in a protocol on origin attached to the specific agreement between the EU and the country concerned. Below is a list of eu`s trading partners, which contain links to the respective original protocols. Mexico and the EU have agreed to speed up trade negotiations to modernise their free trade agreement. They will hold two additional rounds of negotiations on April 3 and 7 and June 26-29, 2017, as part of an accelerated negotiating plan. The EFTA Free Trade Agreement covers trade in industrial products (including fish) and agricultural products. These include provisions for the establishment of a joint committee, dispute resolution, rules of origin and trade, as well as competition and the protection of intellectual property rights. A free trade agreement aims to promote trade – usually with goods, but also sometimes with services – by making it cheaper. This is often achieved by reducing or eliminating so-called tariffs – taxes or taxes on cross-border trade. On 13 May 1996, the General Council of the European Union approved a mandate to negotiate an agreement with Mexico.

Negotiations began in October 1996. On 8 December 1997, the European Union and Mexico signed an agreement consisting of three pillars: an agreement on economic partnership, political cooperation and cooperation (known as the “comprehensive agreement”), which laid the groundwork for the negotiation of a free trade agreement between Mexico and the European Union; an interim agreement on accompanying measures (called the “interim agreement”) which was the framework and mechanisms for trade liberalization and a final act. On 28 April 2020, Mexico and the European Union concluded negotiations on modernising the trade pillar of the agreement. This was the last outstanding element of their new trade agreement. Modern EU free trade agreements want to do more than reduce tariffs. In addition, they aim to improve market access by removing non-tariff barriers (for example. B, regulatory cooperation), liberalizing trade in services and opening markets to public procurement. These agreements go far beyond the scope of the WTO.

These include competition rules, access to foreign direct investment and rules guaranteeing sustainability (employment and the environment). The EU is working to modernise previous agreements with Chile and Mexico, which contain only fundamental economic aspects. The European Commission reports annually on the implementation of its main trade agreements in the previous calendar year. The agreement was adopted by the Council of the European Union on 28 September 2000, after the contracting parties stagnated the necessary notification to enter into force of the agreement and came into force on 1 October 2000. In accordance with the ECJ guidelines, the EU is now designing free trade agreements to remain within the exclusive competence of the EU. Therefore, areas such as investor-state dispute settlement and portfolio investments must be negotiated in the case of separate agreements. This clear division of the domains into different agreements makes it possible for European legislators to ratify and enforce free trade agreements quickly and reliably. However, such a separation is not possible if trade agreements are an integral part of political association agreements (for example.B.