The Global Agreement (GA) came into force in the year 2000. Since then, on the basis of our common values and shared perspectives on relevant issues, we have maintained a regular and fruitful dialogue, have increased our economic exchanges, both in terms of trade and investment, and have developed a good working relationship in the realm of cooperation.


Strategic Partnership
Since 2009, Mexico is a strategic partner of the EU, one among only 10 other countries in the world [1].
The Strategic Partnership and the Joint Executive Plan (2010) that gives it form, aim to deepen our relations at the global and regional level to better deal with the challenges facing the international system of the 21st century. The GA and the Strategic Partnership have, so far, worked harmoniously and enhanced the potential of our bilateral relationship.

[1] Brazil, Canada, China, the United States, India, Japan, Republic of Korea, Russia and South Africa.

Political dialogue and cooperation
Since 2000, we have held 7 Mexico-EU Summits (Presidential level), 7 Joint Councils (Ministerial level), 12 Joint Committees (Undersecretary level) and 23 Joint Parliamentary Committees. In order to exchange best practices and deepen our cooperation at the bilateral, regional, and multilateral level we have created 8 sectorial dialogues:

  1. High-Level Political Dialogue
  2. Climate Change
  3. Environment
  4. Macroeconomic issues
  5. Human Rights
  6. Security and Justice
  7. Higher Education
  8. Digital Economy

Why it is important to modernize the GA?

 

 Modernization of the GA

The process of modernization of the Global Agreement started in 2013 in the 1st CELAC-EU Summit in Santiago, Chile. During a meeting between former President of the European Commission, Manuel Barroso, former President of the European Council, Herman van Rompuy, and Mexican President Enrique Peña Nieto, the three leaders agreed to review and update the Mexico-EU bilateral legal framework.

Image result for juncker tusk peña nieto

President Enrique Peña Nieto, Jean-Claude Juncker, President of the European Commission, and
Donald Tusk, President of the European Council

 On May 23th, 2016, the High Representative of the Union for Foreign Affairs and Security Policy, Federica Mogherini, visited Mexico and announced that the Council of the European Union approved the mandate to the European Commission to negotiate the modernization of the EU-Mexico Global Agreement. Formal negotiations started in June 2016 in Brussels.

Our mission is to renovate and improve our Agreement, in order to address our current and future challenges in the most effective way.

The were six rounds of political dialogue and cooperation negotiations. The conclusion of the negotiations in these issues was announced on November 30, 2017.

 

Economic negotiations of the Global Agreement

The Agreement has helped Mexico and the European Union to increase their export capacities, boost job creation, and to attract more foreign investment.

Since the entry into force of the Global Agreement between Mexico and the European Union in 2000, the EU has become Mexico’s third-largest trading partner and the 2nd source of FDI for Mexico worldwide.

Trade has grown 330%, increasing from 18.7 billion USD in 1999 (year prior to the entry into force of the Global Agreement) to 61.8 billion USD in 2016. In the same time period Mexico has become the 2nd most important exporter to the EU in Latin America.

EU investment in Mexico (January 1999-June2017) was 175 billion USD, done by 17,984 European companies, while Mexican investment in the EU was 36.5 billion USD.

The modernization of the Global Agreement will help to consolidate and diversify the bilateral economic relationship, expand market access, and better integrate Mexico and Europe’s value chains.

The modernization is essential to adapt the agreement to the new global economic realities. The inclusion of new issues such as energy and sustainable development will provide more opportunities for bilateral partnerships.

    

1st Round

Political, Cooperation and Economic

 Brussels (June 13-14, 2016)

2nd Round

Political and Cooperation, Mexico City (May 15, 2017)

Economic, Mexico City (November 22-25, 2016)

3rd Round

Political and Cooperation, Brussels (July 10, 2017)

Economic, Brussels (April 3-7, 2017)