EU & Mexico: Updated Free-Trade Agreement

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The EU and Mexico have reached an ‘agreement in principle’ on the modernisation of the existing Free-Trade Agreement, in view of the protectionist measures made against the Latin American country by the United States.

Under the new terms of the 2000 Agreement, almost all bilateral trade agreements will become duty-free. These rules will also apply to the agricultural sector. This measure can be seen as a response to President Trump’s decision to revise the North American Free Trade Agreement (NAFTA) last year.