Import / Export Lawyer: EU-Mexico Free Trade Agreement (FTA) Opportunities

Mexico and the European Union have updated a trade agreement signed in 1997, by establishing a new trade deal that would eliminate most tariffs on the goods and services traded between Mexico and EU members. The trade agreement reduces the tariffs imposed on European food and drinks, allows EU companies to sell more of their services in Mexico, and protects worker’s rights and the environment. 

EU-Mexico FTA – What New Trade Opportunities Can the FTA Bring?

The FTA will open the agri-food sector, creating more export opportunities for high quality products.

The new deal will bring many opportunities to the agriculture market and benefit the countries’ farmers. Mexico secured liberalized access for its orange juice, fruits, and vegetables. The EU will have duty-free access for most pork products, pasta, and chocolate and confectionery. Total EU-Mexico trade for goods in 2017 was 62 billion euro and 15 billion euro for services. The EU manufactured exports to Mexico are worth 38 billion euros and 10 billion worth of exports in services. It is estimated that this deal will save EU exports 100 million euro in customs duties every year and would open the doors to foreign direct investment.

 

The FTA will create more trade, investment and export opportunities.

Want to Learn More About Mexican Import/Export Opportunities?

Free trade agreements can bring many new opportunities for countries, but it can sometimes be complicated to trade in Latin American countries. At Biz Latin Hub, we have a team of local and professionals trade lawyers who have the knowledge of doing business in Latin America and offer commercial representation services to help you with the complexity and challenges that may arise in the Latin American market. Please contact Craig Dempsey at [email protected] and see how we can help you!

 

Receive the latest news and advice about expanding your business globally.


Subscribe to our newsletter to receive the latest business news and advice about entity formation, legal entity compliance, accounting, back office and fiscal requirements.

  • This field is for validation purposes and should be left unchanged.

Marketing permission: By submitting this form, I give my consent for Biz Latin Hub to be in contact with me via email using the information that I have provided in this form and for the purpose of providing me updates about doing business, entity formation, legal entity compliance, accounting, back office services, PEO and/or for marketing purposes.

What to expect: If you wish to withdraw your consent and stop hearing from us, please simply click the unsubscribe link at the bottom of any email that we send or contact us at [email protected]. We value and respect your personal data and will do the utmost to protect it. By submitting this form, you agree that we may process and use your information in accordance with the stated terms and conditions in our privacy policy.

Pin It on Pinterest

Share This

Share This

Share this post with a friend or colleague!