The EU-Mexico Free Trade Agreement (FTA) is a landmark agreement that will create one of the world`s largest free trade areas. It is a comprehensive agreement that covers a wide range of areas including trade in goods and services, investment, and intellectual property.
The agreement was signed on April 28, 2020, and is expected to come into force in 2021. It will eliminate tariffs on 99% of goods traded between the EU and Mexico, making it easier and cheaper for businesses to trade across borders.
One of the key features of the agreement is its strong provisions on sustainable development. The agreement includes commitments to protect workers` rights, promote environmental protection, and support small and medium-sized enterprises.
The text of the agreement is available online for anyone to read. It is a detailed document that covers a wide range of topics and is written in legal language. However, for those who are interested in the agreement but do not have a legal background, there are resources available to help understand the text.
The European Commission has published a summary of the agreement that provides an overview of the key provisions. This summary is written in plain language and is easy to understand. It is a useful resource for anyone who wants to get a basic understanding of what the agreement covers.
In addition, there are a number of organizations that have analyzed the agreement and provided more detailed commentary. For example, the European Trade Union Institute has published a report that looks at the agreement`s provisions on labor rights and analyzes whether they are strong enough.
For businesses that are interested in taking advantage of the opportunities presented by the EU-Mexico FTA, it is important to understand the specific provisions that relate to their industry. The agreement covers a wide range of sectors, including agriculture, automotive, and services.
Overall, the EU-Mexico Free Trade Agreement is a significant development in the global trade landscape. It will create new opportunities for businesses on both sides of the Atlantic and strengthen the economic ties between the EU and Mexico. By reading and understanding the text of the agreement, businesses and individuals can be better informed about the opportunities and challenges that lie ahead.