Directorate-General for Trade

Mexico

In terms of trade value, Mexico ranks 26th among EU trade partners and 16th amongst its export partners. The EU is Mexico's second biggest export market after the USA. The EU and Mexico have concluded a Free Trade Agreement which entered into force in October 2000.

The EU-Mexico FTA is one of the most comprehensive in the global economy. It covers trade in goods and services and has specific chapters on access to public procurement markets, competition, intellectual property rights and investment. The FTA has lead to a significant increase in bilateral trade.

The agreement is overseen by and Joint Committee and Special Committees that meet once a year. The closeness of the EU-Mexico trade partnership is reflected at the multilateral level, where the EU and Mexico have cooperated closely in WTO Doha Round negotiations.

Bilateral trade with Mexico is boosted by a well-functioning free trade agreement

Trade in goods

• EU goods imports to Mexico 2007: €11.9 billion
• EU goods exports to Mexico 2007: €20.9 billion

The EU's key imports from Mexico are mineral products (24%), machinery and electric equipment (21.7%), transport equipment (18.7) and optic photo precision instruments (10.1%). Key EU exports to Mexico includemachinery and electric equipment (28.7%), transport equipment (14.5%), chemical products (14.4%), and mineral products (11.6%)

Trade in Services

• Imports from Mexico 2007: €2.7 billion
• Exports to Mexico 2007: €4.1 billion

From Mexico, the EU buys travel, sea transport, air transport and construction services. The EU exports travel, sea transport, air transport and computer and information services. (€0.2 billion)

Foreign Direct Investment

• EU FDI stock in Mexico 2006: €45.5 billion
• Mexican FDI stock in EU 2006: €8.9 billion
• EU investment flows to Mexico 2006: €1 billion
• Mexican investment EU FDI flow 2006: €0.1 billion

More statistics on Mexico

FTA review clauses

The EU-Mexico Free Trade Agreement foresees that both parties will further liberalise trade in agricultural goods, services and investment. These review discussions have already been started and hopefully will be concluded successfully in the near future.