EU representative confirms updates for Mexico Trade Agreement

Theresa Reberera, Vice President of the EU’s clean, fair and competitive change, announced on Wednesday that the trade agreement between the EU and Mexico will be updated to add an energy chapter.

New chapter Europe’s Trade Agreement with Mexico It is expected that a change in clean and renewable energy, as well as energy and agricultural diet stability, said when he visited Referra Mexico.

“We have reached a contract to modernize the global contract that has brought the most important benefits to our communities and our economy in the last 25 years,” said Ribera at a press conference on Wednesday.

The agreement, which enhanced trade ties between the two chapters, was signed in 1997 and came into effect in 2000. The European Union has since become the second largest investor in Mexico and its third largest business partner worldwide.

Reberera discussed the geopolitical tensions that many countries face globally because of the US trade war and Imposing fees US President Donald Trump.

“It is very difficult to predict what can happen, because the circumstances shows that reality can change very quickly,” said Referra.

The new energy chapter

Mexico’s president Gladia Shinebam announced on January 23 that the Energy Department had been excluded from the European Union-MEXICO trade agreement.

However, during his arrival, the referral and energy policies were discussed in general terms, although it is not clear how much it reflects in the contract.

“There is close and serious cooperation in energy matters between the European Union and Mexico,” said Referra.

The agreement is expected to be recognized by the end of this year, which is pending the Sustainable bureaucratic process for the law in the EU and the renewed agreement has already been draft, according to Mexican Newspaper La Jornaada.

“In our case, nothing stops signing beyond the regular bureaucratic processes we all have to comply with a certain amount of complexity,” Ribra explained.

Repera emphasized the importance of international cooperation to support green change, emphasizing that the withdrawal of the US from the Paris Agreement does not stop progress.

“There are 192 countries in the world. If the US leaves the agreement, the rest will continue,” he added.

With reports from Day And The sun of Mexico