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Mexico

Mexico

The EU and Mexico have concluded an Economic Partnership, Political Coordination and Cooperation Agreement (the Global Agreement) in 1997, which included trade provisions that were developed in a comprehensive Free Trade Agreement that entered into force in October 2000 for the part related to trade in goods - and in 2001 for that related to trade in services.

Trade picture

  • The EU is Mexico's second biggest export market after the USA, and Mexico's third largest source of imports after the United States and China.
  • The EU's key imports from Mexico are mineral products, machinery and electric equipment, transport equipment and optic photo precision instruments.
  • Key EU exports to Mexico include machinery and electric equipment, transport equipment, chemical products, and mineral products.
  • In terms of services EU imports from Mexico are dominated by travel, sea transport, air transport and construction services. EU services exports to Mexico consist mainly of travel, sea transport, air transport and computer and information services.
  • The bilateral stock in as well as the flow of investment between the EU and Mexico is significant.

EU-Mexico "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 17.0 23.9 6.9
2012 19.4 28.0 8.6
2013 17.5 27.4 9.9

EU-Mexico "trade in services" statistics

Trade in services 2010-2012, € billions
Year EU imports EU exports Balance
2010 3.1 5.2 2.2
2011 3.0 6.1 3.1
2012 3.2 7.1 3.9

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 22.1 89.6 67.5

More statistics on Mexico

EU and Mexico

The EU-Mexico Free Trade Agreement that entered into force in October 2000 is broad and comprehensive and covers trade in goods and services. It also includes specific chapters on access to public procurement markets, competition, intellectual property rights and investment.

The agreement is overseen by a Joint Committee and Special Committees that meet once a year, and by a Joint Council that meets biannually at higher political level.

Mexico currently enjoys trade preferences with the EU under the Generalised Scheme of Preferences.

Trading with Mexico