Mexico Germany Free Trade Agreement

In April 2018, the EU and Mexico reached an „agreement in principle“ on the trade side of a modernised global agreement between the EU and Mexico. The Trade in Services Agreement (TiSA) is being developed in the form of a multi-lateral agreement on trade in services. The main focus is to improve access to foreign services markets and to give new impetus to negotiations on a multilateral trading system, which have largely stalled. The EU and the German government believe that the new rules to facilitate trade in services should be adopted at the WTO level at a later date. The EU negotiates tiSA with 23 WTO member countries, which account for about 70% of world trade in services. In 2019, bilateral trade between Germany and Vietnam amounted to about 14 billion euros. The stock of German direct investment in Vietnam amounted to about 840 million euros in 2017. More than 300 German companies are currently active in the Vietnamese market. Mexico`s free trade agreement with Central America began with an alliance along the Northern Triangle, with relations between the nations of El Salvador, Guatemala and Honduras. In 2011, Mexico, the Central American countries of origin and the additional nations of Costa Rica and Nicaragua signed an agreement that was officially ratified in 2013.

The agreement maintained provisions similar to nafta, which contained little or no tariffs on goods and services, and generated about $5 billion in Mexican exports in 2015. The new agreement will replace a previous agreement between the EU and Mexico in 2000. The modernisation of the FREE trade agreement BETWEEN the EU and Mexico began to renegotiate in 2015. Since April 2020, negotiations have been completed with the two nations, which agree on revised terms. Under the new EU-Mexico agreement, almost all merchandise trade between Mexico and the EU will be tariff-free. Customs procedures will be simpler to boost exports. The new agreement also contains progressive rules on sustainable development, such as a commitment to effectively implement the Paris climate agreement. It is also the first time that the EU has agreed with a Latin American country on investment protection. The free trade agreement between Japan and Mexico was Japan`s first comprehensive agreement with a single country.

Signed in 2004 and imposed in 2005, Japan has become, ten years later, Mexico`s fifth largest export destination, with $4.4 billion in exports. The Free Trade Agreement between Japan and Mexico, commonly known as the Economic Partnership Agreement (EPA), has eased tariffs on goods and services. In 2011, the application of lower tariffs on certain agricultural products from Japan and on Mexican imports on auto parts and jet printing paper was revised. The partnership increased Japanese investment in Mexico because it had access to broader markets in the United States and Canada. On 28 April 2020, the EU and Mexico concluded the last outstanding element of negotiations on their new trade agreement, namely the exact scope of reciprocal opening of public procurement at the sub-central level.

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