On 28 April 2020, the EU and Mexico concluded the final outstanding element of the negotiations on their new trade agreement and agreed on the exact extent of the reciprocal opening of procurement to public procurement and on a high degree of predictability and transparency in public procurement processes. This will enable the EU and Mexico to sign and ratify this Agreement in accordance with their respective rules and procedures.  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 the reciprocal opening of procurement markets to public procurement at the subcentric level. On 14 July 1998, a Joint Committee on the Interim Agreement was set up and negotiations for a free trade agreement were initiated. Nine rounds of negotiations took place between November 1998 and November 1999. Negotiations on the free trade agreement between Mexico and the EU were concluded on 24 November 1999. Negotiations with Mexico began in May 2016 and the two sides reached an agreement in principle on the trade side in April 2018. EU trade agreements do not affect a country`s ability to regulate its services markets. They try to prevent governments from discriminating against service providers on the basis of their nationality. At the end of the negotiations, the text of the agreement will be within the EU: the EU has negotiated a trade agreement with Mexico.
For other products, the agreement will offer considerable new market access within annual borders, for example: the EU has strict laws on the protection of workers` rights. The EU and Mexico agreed that the new trade agreement must support existing rights and not irrigate or dilute. The European Union and Mexico have reached an “agreement in principle” on the main trade elements of a new Association Agreement BETWEEN the EU and Mexico. The new agreement replaces a previous EU-Mexico agreement of 2000. The new EU-Mexico trade agreement is part of a broader global agreement to prevent and fight corruption. Whether they apply to foreign or domestic service providers, the agreement will not change or affect EU or Mexican rules in the following areas: the agreement will not affect EU or Mexican rights: the new agreement will replace a previous EU-Mexico agreement from 2000. The agreement will make it easier for EU companies to sell their services in Mexico. The Economic Partnership, Political Coordination and Cooperation Agreement (Global Agreement), which defines the objectives and mechanisms for liberalising trade in goods and services, was approved by the Mexican Senate on 20 March 2000 and on 6 May 1999 by the European Parliament. The part of the Free Trade Agreement established by Decision 2/2000 of the EU-Mexico Joint Council entered into force on 1 July 2000. The agreement prohibits both parties from excessively promoting trade and investment: the free trade agreement covers trade in industrial products and fishery and seafood products. In addition, bilateral agricultural agreements have been concluded between the various EFTA countries and Mexico, which are part of the instruments for the creation of the free trade area.
According to the International Monetary Fund, Mexico is the second largest economy in Latin America and, in nominal terms, the fortnight. The largest in the world. It promotes values similar to those of the EU, including open and fair trade based on international rules. All commercial industries between Mexico and the EU will benefit directly or indirectly from the modernisation of this agreement. However, some sectors may benefit more, including: the rules of origin applicable to industrial products (Annex I) concerning the definition of the concept of `originating products` and the methods of administrative cooperation are based on the current European model, while retaining the general structure and content of standard European rules. . . .