Mexico and the EU have agreed to speed up trade negotiations to modernise their free trade agreement. They will hold two additional rounds of negotiations on April 3 and 7 and June 26-29, 2017, as part of an accelerated negotiating plan. The result is more liberal rules in sectors where one party is facing a shortage of raw materials or components (for example). B for chemicals, machinery and auto parts). In the textile and clothing sector, Mexico grants EFTA states quotas for imports of textile and clothing products into Mexico under a more liberal regime (Annex I, point a) of Schedule I. Mexico and the European Union successfully concluded negotiations for an updated trade agreement on 28 April 2020, pending approval by both sides.  The interim agreement, which was to enter into force pending the entry into force of the comprehensive agreement, was approved by the Mexican Senate on 23 April 1998. The proceeds of this agreement were approved by the European Parliament on 13 May 1998 and the parties exchanged instruments for ratification on 30 June 1998, allowing the interim agreement on accompanying and accompanying measures to enter into force on 1 July 1998. The trade aspects of the Global Agreement were adopted by Decisions 2/2000 of the EU-Mexico Joint Council establishing a free trade area for goods and 2/2001, which establishes a free trade area for services. The agreement was adopted by the Council of the European Union on 28 September 2000, after the contracting parties stagnated the necessary notification to enter into force of the agreement and came into force on 1 October 2000.
The agreement provides for the establishment of a joint committee (Article 70) to monitor and manage the agreement. Information sharing and consultations can take place in the joint committee. The joint committee also makes decisions in cases under the agreement or makes recommendations. The Joint Committee will also continue to examine the elimination of other barriers to trade between EFTA states and the further development of the agreement. With regard to EFTA-Mexico trade statistics, the EFTA A trade statistics instrument came into force as of the entry into force of the agreement, the “stillstill obligation” (a ban on the institution of new or more restrictive measures affecting market access( (Article 24), to allow SERVICE providers in EFTA states to access the Mexican market on a basis comparable to that enjoyed by suppliers of Mexico`s preferential trading partners. The chapter on the protection of intellectual property rights (Chapter VI, Article 69 and Appendix XXI) includes, among other things, patents, trademarks and copyrights and geographical indications. The level of protection in some areas goes beyond the level of protection established by the WTO agreement on trade-related aspects of intellectual property, taking into account the principles of treatment of the most favoured nation and national treatment. The agreement contains provisions for geographical indications.
The EU-Mexico Joint Council held its first session on 27 February 2001. During this session, the Joint Council adopted the conclusions of the negotiations on trade in services, capital flows and related payments, as well as on intellectual property, which are expected to come into force on 1 March 2001. The meeting was also complemented by Decision 02/2000 and the information document relating to Decision No.