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Mexico | Mexico, 8 May 2017

EU Trade Commissioner in Mexico: “Trade deal possible by year’s end"

EU Commissioner for Trade Cecilia Malmström is visiting Mexico City on 8 and 9 May. This Monday, the Commissioner is meeting Foreign Minister Louis Videgaray and Minister of Economy Ildefonso Guajardo for negotiations. The EU and Mexico are currently involved in talks on a new free trade agreement between the two, to replace an existing trade deal signed some 20 years ago.

Consulte el texto en español

"Both sides are committed to concluding these negotiations before the end of the year. This is an ambitious but feasible goal. We want to send a clear signal to the world about the importance of strengthening - not weakening - the rules that govern international trade", Malmström said at a press conference following the meeting with Minister Guajardo on Monday. Video and photos will be available.

"We have also agreed to accelerate the pace of negotiations even further, increasing the frequency of our negotiators' meetings," Malmström added.

The next negotiating round - the fourth - will take place from 26 to the 30 June in Mexico. Then, during the second half of the year, negotiators will meet every month.

Since the entry into force of the existing trade agreement in 2000, trade volumes between the EU and Mexico have tripled. In February, both parties agreed to significantly accelerate the pace of negotiations to reach a deal sooner. The new deal will simplify administrative burdens, cut red tape, boost growth and competitiveness, widen consumer choice and create jobs on both sides. The latest formal negotiating round took place in April.

During her visit to Mexico, Commissioner Malmström also met businesses, civil society organisations and trade unions, and visited a large factory of beer producer Heineken.

On Tuesday, Commissioner Malmström is speaking at a business event in Mexico City, and separately to students at the Universidad Nacional Autónoma de México (UNAM), about the advantages of an new, state-of-the-art trade agreement between the EU and Mexico, given strong relations between the two, and the EU's continued commitment to openness, by bringing down walls, barriers and tariffs. Both speeches will be published online here (9 May).

Download photos and video from different parts of the visit

The European Commission recently published its latest negotiating proposals and a report about the most recent round.

Facts: the EU's trade relationship with Mexico

Read the Commissioner's speech to EU and Mexican businesses: in Spanish (as given) or translated into English

Read the Commissioner's speech to students at UNAM University: in Spanish (as given) or translated into English