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EU-Mexico trade agreement: important signal against protectionism

23 April 2018
by eub2 -- last modified 23 April 2018

The EU-Mexico Global Agreement concluded in principle at the weekend marked another important and welcome step in Europe's leadership in advocating free trade. EuroCommerce Director-General Christian Verschueren said:


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The agreement reached between the EU and Mexico on an updated trade deal shows how EU trade policy can deliver real results, and how building bridges is better than building walls. This is a message I hope will also be heard in Washington ahead of negotiations on the update of NAFTA."

The abolition of most tariffs under this agreement will help our members offer customers more choice on a range of products, and it contains very helpful and trend-setting provisions on e-commerce and online sales, which we hope to see included in many future trade agreements.

Verschueren called on the EU and Mexico to resolve remaining technical issues as quickly as possible in order to launch the ratification process:

"Companies and consumers cannot benefit from even the best trade agreement if it is bogged down in lengthy translation and ratification procedures. Time is precious, considering we are approaching the end of this legislative period, and we hope that all those involved will keep the momentum to allow the agreement to enter into force soon."

EuroCommerce is the voice for six million retail, wholesale, and other trading companies. Its members include national commerce federations in 31 countries, Europe's 27 leading retail and wholesale companies, and federations representing specific sectors of commerce.

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