Analysis of the upcoming modernization of the trade pillar of the EU-Mexico Global Agreement
In 1997, Mexico was the first Latin American country to complete an Association Agreement with the EU. This Agreement includes trade provisions, establishing a free trade agreement (FTA) that entered into force in October 2000. Further, Mexico is since 2009 a Strategic Partner for the EU. In 2013 EU and Mexico agreed to explore the options for a comprehensive update of the Global Agreement. The Commission is expected to come up with a proposal for a negotiating mandate, early in 2016.
General Objectives of the Project:
In this context, the study aims to answer the following questions:
- Is there a real need for an update of the trade pillar of the Global Agreement?
- If so, in which areas it should be updated? What trade and investment agreement model should be there reference (EU-Canada, EU-Singapore, EU-South Korea, EU-Central America)?
- What are the main expectation and concerns on both the EU and Mexican sides?
- What are the main obstacles that the negotiations may face?
Contracting institution: European Parliament
Leader of the consortium: LSE