CARMAKERS ASSESSING POTENTIAL BENEFITS FROM EU-MEXICO UPGRADE
May 26th, 2015
AUTOMAKERS in Europe are looking at what potential benefits they could draw from a future upgrade of a 15 years’ old free trade agreement (FTA) between the European Union (EU) and Mexico. The two sides announced on Monday (May 11) that they are planning to start negotiations later this year, making it more comprehensive involving more regulatory harmonization than the existing deal that largely focused on tariff reduction: “We are aiming for an EU-Mexico deal that is comparable to the one with Canada and to the one to be concluded with the US”, the EU trade ...
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