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22/12/2017

EU and Mexico make big push for trade deal

An upgraded deal with Brussels will offer Mexico leverage against Trump as he threatens to tear up NAFTA.

Mexican Peppers

The EU and Mexico are making a big diplomatic heave to secure a preliminary trade deal before Christmas, but only have a few days to resolve a major rift over whether Mexico will recognize EU protections for gourmet food labels.

In Brussels, officials are confident that they can secure an agreement in principle this week during a visit by Mexican Economy Minister Ildefonso Guajardo. “We hope that over the next few days that we will be able to have a positive outcome on Mexico,” said European Commissioner for Agriculture Phil Hogan.

The deal would offer big benefits to both sides. The EU already has a basic accord with Mexico since 2000 covering goods such as machinery and cars, but the upgrade would liberalize trade in important sectors such as finance, e-commerce and agriculture.

Please note that this article was not originally written in this language.
This article is incomplete. Click here to read the full text from its original source, Politico.eu
Photo Credit: Carsten ten Brink (CC BY-NC-ND 2.0)

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