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Mexico and EU open new round of negotiations to modernize their FTA

Mexico and the European Union today launched a new round of negotiations to modernize their Free Trade Agreement (FTA), which has been in force since 2000, confirmed Efe Sources of the Ministry of Economy.

Mexico, June 26 (EFE) .- Mexico and the European Union today began a new round of negotiations in the Mexican capital to modernize its Free Trade Agreement (FTA), in force since the year

This fourth round of negotiations between Mexico and the EU, which began in May 2016, will run until next Thursday, When the parties are expected to report on the progress made.

In these negotiations, Mexico aims to achieve greater access to Europe's agricultural sector, while this Continental bloc can benefit from the opening of the US energy sector.

Both parties are determined to conclude this year the revision of the agreement

The third round of negotiations took place in Brussels (Belgium), which will be Host of the fifth meeting, to be held from September 25 to 29, and a sixth and final round is expected in the Mexican capital from November 27 to December 1.

For Mexico, The negotiation with the EU has become very important in the face of the revision of the North American Free Trade Agreement (NAFTA), at the request of the United States, as of August Next.

The European Union bloc is Mexico's third-largest trading partner, behind only the United States and China, and in 2016 its trade reached 61.7 billion dollars, According to data from the Ministry of Economy.

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