Portugal will try to conclude a free-trade agreement between the EU and the South American trade bloc Mercosur during its six-month EU presidency, and attempt to expand Europe’s ties with other potential trade partners.
Britain, China and South Korea have recently shown interest in joining the TPP, while Japanese officials are keeping close tabs on whether Washington will return to the framework.
The UK signed a continuity trade deal with Mexico, its 31st-largest trading partner, preserving the benefits of the accord it had with the country through European Union membership.
Korean Deputy Foreign Minister will visit Mexico for talks with his counterpart and other officials over economic cooperation, including the resumption of bilateral free trade talks.
American capital brought high rates of chronic disease to Mexico which has led to a surging COVID-19 death toll.
The AFL-CIO is planning to file labor complaints against Mexico this month under the new US-Mexico-Canada trade agreement’s labor enforcement mechanism, the US union’s president said.
Already, Mexico’s progressive reforms have made it an ISDS target. First Majestic, a Canadian silver mining company has been threatening Mexico for the last few years, under NAFTA’s Chapter 11.
For Mexican workers, farmers, and the poor, the pandemic and the new treaty replacing NAFTA are a devastating one-two punch.
The European Union mulls protecting handicrafts in the same way as gourmet food amid a push from Latin American countries.
26 years of free trade, industrial paradise for transnational corporations and
environmental hell for the peoples.
The Philippines will pursue separate discussions with Mexico and the US for potential free trade agreements with each these two countries.
To qualify for tariff-free trade, makers of heavy vehicles must meet various requirements, including a 60% regional content threshold that will increase gradually and 70% regional inputs of steel and aluminum.
The measures would face legal challenges under Mexico’s commitments not just under the outgoing NAFTA but also its successor, the United States-Mexico-Canada Agreement, an industry source said.
While the world is busy dealing with the coronavirus health crisis, the European Union and Mexico concluded talks on a new trade pact, provoking strong reactions.
The EU and Mexico have agreed to eliminate customs duties on practically all goods, to enhance and facilitate digital trade, and have taken on new obligations on good regulatory practices.
European civil society organisations are deeply concerned about the renewal of the European Union-Mexico trade agreement.
The European Union and Mexico finalised a major upgrade to their free trade deal after the two sides agreed to grant reciprocal market access to each other’s tenders for public contracts.
The announcement came three days after the US government launched a campaign to get Mexico to reopen plants, suggesting the supply chain of the North American free trade zone could be permanently affected.
Lopez Obrador said the government was reviewing the matter in the context of the entry into force of the United States-Mexico-Canada Agreement, a trade deal due to replace the 1994 NAFTA.
The US pressed Mexico to reopen border assembly plants that are key to the US supply chain, as part of the North American free trade zone.