Financial and business news from Bulgaria

EU, Mexico agree on tariff-free trade in goods

Mexico and the European Union successfully concluded negotiations for a new, updated trade deal, the two negotiating sides announced yesterday evening, the Associated Press reported, as quoted by BTA.
The pact is yet to be approved by both sides and will include provisions to protect investment and government purchases. The treaty will contribute to the economic recovery following the COVID-19 pandemic.

In a statement, the EU said that virtually all trade in goods between the EU and Mexico would now be duty-free.

The EU is Mexico's third largest trading partner with $75.5 billion in annual commodities. Over the past year, Mexico had a $27 billion trade deficit with the EU.

tags:

Related news

World trade is likely to shrink by up to 32 per cent in 2020 due to the pandemic of the new coronavirus, the World Trade Organization (WTO) predicted today, as quoted by France Press and Reuters.postponed US-UK trade talks over COVID-19
Administrator • 2020-04-11 14:30:16
World trade is likely to shrink by up to 32 per cent in 2020 due to the pandemic of the new coronavirus, the World Trade Organization (WTO) predicted today, as quoted by France Press and Reuters.US and UK begin trade talks on May 5
Administrator • 2020-05-04 20:30:17