The trade aspects of the Global Agreement were adopted by Decisions 2/2000 of the EU-Mexico Joint Council establishing a free trade area for goods and 2/2001, which establishes a free trade area for services. These improvements will be particularly useful for small businesses. A new modernised trade agreement between the EU and Mexico: on 3 April 2017, Mexico and the European Union held the third round of negotiations in Brussels, Belgium, aimed at modernising their free trade agreement. On 8 May 2017, Mexico and the EU announced dates for the next three trade negotiations: 26-30 June, 25-29 September and 27 November to 1 December 2017. The fourth round of negotiations began on 26 June 2017 in Mexico City. The fifth round of negotiations consisted of 21 negotiating groups and concluded in Brussels on 2 October 2017. The sixth round of negotiations on the modernization of the free trade agreement ended on December 5, 2017 in Mexico City. The Economic Partnership, Political Coordination and Cooperation Agreement (Comprehensive Agreement), which sets out the objectives and mechanisms for liberalising trade in goods and services, was approved by the Mexican Senate on 20 March 2000 and by the European Parliament on 6 May 1999. EU trade agreements do not affect a country`s ability to regulate its service markets. They try to prevent governments from discriminating against service providers on the basis of their nationality.
“The transition period for the phasing out of all tariffs is seven years – a typical transition period for this type of radical removal of all tariffs,” explained De Biévre. “It is likely that this will lead to some agricultural sectors specializing in certain niches on both sides. This is an important change, but it remains only one of the many building blocks of regulatory cooperation (compliance assessment, facilitation of import and export procedures, etc.) for all merchandise trade, not just agriculture. They are at least as important as simply abolishing tariffs. On 14 July 1998, a joint committee of the interim agreement was established and negotiations were initiated for a free trade agreement. Nine rounds of negotiations took place between November 1998 and November 1999. Negotiations on the free trade agreement between Mexico and the EU, concluded on 24 November 1999. The eighth round of negotiations took place in Mexico City from 8 to 7 January 2018. The ninth round of negotiations began on 12 February 2018 in Mexico City. On 21 April 2018, Mexico and the European Union concluded negotiations for a new global agreement. The new agreement includes political, economic and cooperative aspects to strengthen political dialogue, boost trade and investment and strengthen technical and scientific cooperation between the two sides. The aim of this agreement is to create a framework for the development of trade in goods and services and their bilateral and preferential, progressive and reciprocal trade relations, taking into account the sensitivity of certain sectors of goods and services, in accordance with WTO rules in this area.