Does The Eu Have A Free Trade Agreement With Mexico

كتب - آخر تحديث - 7 ديسمبر 2020

In May 2015, Mexico`s Economy Minister and the European Commission`s Trade Commissioner met to prepare to modernise the trade part of the global agreement between Mexico and the European Union. The agreement provides for effective access to the industrial products market in the form of tariffs and rules of origin. Mexico has gradually liberalized all manufactured products (Annex V). In return, EFTA grants duty-free access to Mexican exports of all industrial products until the agreement comes into force (Annex IV). Mexico and the European Union successfully concluded negotiations for an updated trade agreement on 28 April 2020, pending approval by both sides. [4] The agreement provides for the establishment of a joint committee (Article 70) to monitor and manage the agreement. Information sharing and consultations can take place in the joint committee. The joint committee also makes decisions in cases under the agreement or makes recommendations. The Joint Committee will also continue to examine the elimination of other barriers to trade between EFTA states and the further development of the agreement. 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. (a) for Mexican products, there are three main categories: (i) Category A, which includes tariffs totally abolished on 1 July 2000, (ii) Category B, which includes tariffs to be abolished in four equal stages, the first stage which will take place on 1 July 2000 and the other three stages until 1 January of each consecutive year , so that these rights will be completely abolished before 1 January. , 2003 and (iii) other different categories of tariffs, which are expected to be abolished by 2010. b) For EU products, there are five categories: (i) Category A, which provides for the abolition of tariffs on 1 July 2000, (ii) Category B, including tariffs abolished in four equal stages, the first stage which will take place on 1 July 2000 and the other three stages until 1 January of each consecutive year , so that these rights will be completely abolished before 1 January.

, 2003, (iii) Category B- , including tariffs that will be phased out by January 1, 2005, (iv) Category C, including tariffs to be phased out by 2007, and v) other different tariff categories will be abolished by 2010. The applicable duties therefore depend on the classification of each industrial product subject to importation. Most tariffs on Mexican products exported to the European Union will be eliminated by 2003, while most tariffs on EU products exported to Mexico will be abolished by 2007, creating a temporary advantage in the Mexican product market. To take advantage of the benefits of ESFREI-EU, all products must come from either the European Union or Mexico. A native product meets the following conditions: (i) the product must be considered to be native to The territory of Mexico or the European Union (in accordance with the rules of origin), (ii) the acquisition of the original character must be carried out continuously in Mexico or the European Union (territorial rule), and (iii) the products must be transported directly between Mexico and the European Union (direct traffic rule). In other words, products only benefit from the benefits of ESFREI-Union if they comply with the three rules of origin, the territorial rule and the direct transport rule. The ESFREI-EU contains other provisions in this area that are expected in such a treaty, such as non-tariff barriers. B, domestic treatment for tax and regulatory purposes, anti-dumping duty, safeguard clause, customs clause, customs cooperation and standardization measures.