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Mexico

Mexico

The EU and Mexico reached an ‘agreement in principle’ on the trade part of a modernised EU-Mexico Global Agreement in April 2018.

The new agreement will replace a previous agreement between the EU and Mexico from 2000.

 

Better Regulation Agenda

Modernisation of the trade pillar of the EU-Mexico global agreement

Trade picture

  • In 2019, the EU was Mexico's second-biggest export market after the US. The EU's key imports from Mexico are transport equipment, machinery and appliances, mineral products, and optical/photographic instruments.
  • The EU was Mexico's third-largest source of imports in 2019, after the US and China. Key EU exports to Mexico include machinery and appliances, transport equipment, chemical products, and base metals.
  • In services, EU imports from Mexico are dominated by travel and transport services. EU services exports to Mexico consist mainly of business services, transport services, travel services, and telecommunications, computer and information services.
  • As for foreign direct investment, the EU is the second largest investor in Mexico after the US.

EU-Mexico: Trade in goods

Trade in goods 2017-2019, € billions
Year EU imports EU exports Balance
2017 21.7 36.2 14.5
2018 23.6 37.7 14.1
2019 24.3 37.6 13.3

EU-Mexico: Trade in services

Trade in services 2016-2018, € billions
Year EU imports EU exports Balance
2016 4.5 9.4 4.9
2017 5.3 10.3 5.0
2018 5.5 11.6 6.1

EU-Mexico: Foreign direct investment

Foreign direct investment 2018, € billions
Year Inward stocks Outward stocks Balance
2018 40.6 158.6 118.1

Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Date of retrieval: 22/04/2020

More statistics on Mexico

EU and Mexico

The two Parties are currently finalising the legal revision of the modernised agreement’s text. After translation into all EU languages, it will be transmitted to EU member states and the European Parliament for signature and conclusion.

On 28 April 2020, the EU and Mexico concluded the last outstanding element of the negotiation of their new trade agreement, namely the exact scope of the reciprocal opening of public procurement markets at sub-central level.

Find out about all the different areas of the new EU-Mexico trade agreement

 

Committees and Dialogues

The EU and Mexico meet regularly to discuss issues and best practices relating to the implementation of the Trade Decisions under the Global Agreement.

Joint Committee, special committees and other bodies’ meeting reports

Trading with Mexico