MEXICO |
EU seeks to upgrade FTA. The European Union (EU) High Representative for Foreign Affairs and Security Policy, Federica Mogherini, said during a public hearing that the upgrade of the EU’s free trade agreements (FTAs) with Mexico and Chile “should be comparable to the Comprehensive Economic and Trade Agreement [Ceta] with Canada and the Transatlantic Trade and Investment Partnership [TTIP] with the US”. According to an EU report the European Commission (EC) has proposed the modernisation of the EU-Mexico and EU-Chile FTAs, concluded respectively in 2000 and 2002. These trade agreements, which were the first to be concluded between the EU and Latin American countries, are “less advanced in terms of liberalisation and comprehensiveness in comparison to the more recently negotiated EU agreements, as well as with the Trans-Pacific Partnership that Chile and Mexico concluded last year with ten other partners (including the US)”.
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