Home / International/ Mexico aims for EU free-trade deal by end of February

Mexico aims for EU free-trade deal by end of February


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 8 February 2018 00:00


Brussels (Reuters): Mexico believes it can conclude a new free-trade agreement with the European Union before the end of February, a Mexican official close to the talks said on Wednesday.

The EU and Mexico intend to update a trade deal agreed 21 years ago that largely covers industrial goods. They want to add farm products, more services, investment and government procurement and include provisions on labour standards and environmental protection.

Mexican negotiators are in Brussels this week, with the two sides due to reconvene next week in Mexico.

The Mexican official said EU Trade Commissioner Cecilia Malmstrom could come in the week starting 19 February to help push talks to a close and to allow an initial deal to be announced, though only if a deal was within reach.

“As of now, I think we are very close to being in that position,” the official said.

The two sides have accelerated talks at the start of 2018, having initially aimed to conclude them by the end of last year.

“We are only stopping by to have enough time to sleep and to take flights,” the official said.

The key challenges are how far to open each other’s markets to food and drink – such as tequila, chicken and asparagus from Mexico and dairy products from Europe – and the EU’s demand to recognise geographical indications.

Such indications protect agricultural produce – for example, dictating that the term ‘champagne’ can only be used for sparkling wine from northern France or more importantly for Mexico, that the term ‘manchego’ applies to sheep’s milk cheese from central Spain.

Mexico is more used to protecting products with trademarks and has its own cow’s milk ‘manchego.’

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Tamil actor Kamal Haasan stars in new role as political leader

Saturday, 24 February 2018

Srinivasan Kamal Haasan is one of India’s foremost film actors. Known popularly as Kamal, the talented and versatile thespian has not only excelled as an actor onscreen, but has successfully engaged in other cinematic spheres too. The multi-faceted


Yameen’s economic offensive to counter political adversity ahead of presidential poll

Saturday, 24 February 2018

The embattled Maldivian President Abdulla Yameen, who is facing intense political opposition both in and out of the country, hopes to win the September, 2018 presidential election using a combination of political belligerence and a strong economic pr


In the end, there was nothing

Saturday, 24 February 2018

Much more than a storm in a tea cup! To a non-discerning person, it all seemed like the final battle of the counter revolution. President Sirisena was up in smoke trying to oust Prime Minister Ranil Wickremesinghe for no articulated reason. He asked


Shouldn’t Govt. prevent parliamentary system from decay and destruction?

Friday, 23 February 2018

The wrong people teach us the best lessons. As a clever nation, we had always used our ballot and chased the wrong people


Columnists More