EU AND MEXICO TO SIMPLIFY CLOTHES TRADE DEAL
February 1st, 2007
BY KEITH NUTHALLEUROPEAN Union (EU) ministers have been asked to approve changes to a 1997 trade and political cooperation deal with Mexico, so that EU textile and footwear manufacturers are better able to exploit its export opportunities. This involves large annual low duty quotas, but under the existing treaty, these are allocated by Mexico through an auction. Said a European Commission note: "The quotas' utilisation rate has been consistently very low, which [it] perceives as being the result of a burdensome quota management method applied by Mexico." As a ...
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