The fourth EU Implementation Report (other languages), published in November 2020 and preceded by the preface by DG Commerce Director-General Sabine Weyand (other languages), provides an overview of the results achieved in 2019 and the remarkable work for the EU`s 36 main preferential trade agreements. The accompanying staff working document provides detailed information in accordance with the trade agreement and trading partners. Mexico offers more free trade agreements (FTAs) than any other country and is a trading partner with more than 50 countries. The full list of Mexico`s 14 free trade agreements is available here. Given this reputation, it is easy to believe that free trade agreements make business in Mexico tariff-free. While this robust export platform offers many benefits to businesses, it requires vigilance, as agreements are often amended. For answers to all your questions about Mexico`s free trade agreements and how they can benefit your business, contact Tetakawi today. The European Commission reports annually on the implementation of its main trade agreements in the previous calendar year. As a result of NAFTA, about 80% of Mexico`s exports go to the United States and are valued at about $291 billion per year. Approximately 5.4 per cent of Mexico`s exports go to Canada, worth about $22.6 billion. Canada is Mexico`s second largest export market. Free trade agreements provide countries with access to different markets and promote global competition. More importantly, free trade agreements can increase a country`s GDP and promote trade opportunities and incentives for attractive costs for companies wishing to start their business.
For companies that want to produce in a foreign company like Mexico, free trade agreements offer many advantages. These include removing barriers to trade and ensuring close cooperation between nations on trade in goods and services. Mexico`s free trade agreement with Central America began with an alliance along the Northern Triangle, with relations between the nations of El Salvador, Guatemala and Honduras. In 2011, Mexico, the Central American countries of origin and the additional nations of Costa Rica and Nicaragua signed an agreement that was officially ratified in 2013. The agreement maintained provisions similar to nafta, which contained little or no tariffs on goods and services, and generated about $5 billion in Mexican exports in 2015. For companies wishing to produce in Mexico, one of the country`s greatest advantages is access to free trade. In this article, we will examine some of the country`s most important free trade agreements and explore what makes them so important to conduct a successful production activity in Mexico. A new version of NAFTA, called USMCA (the U.S.-Mexico-Canada agreement), is expected to come into effect on July 1, 2020. After nearly three years of negotiations, each nation is working to meet each country`s specific requirements in order to meet the implementation deadline. This “new NAFTA” makes several remarkable updates of the previous agreement, including: fact sheets, Vietnamese trade in your city, texts of agreements, stories of exporters of Mexico`s proximity to the United States.