Trade
Among the main products that Mexico sold to the EU in 2020 are passenger cars, electrical telephone and telegraphy devices; machines for data processing, auto parts and accessories for vehicles and medical or veterinary devices, according to data from the SE.
With regard to Mexico’s purchases from the European bloc, there are parts and accessories for cars, retail medicines, mixtures of odoriferous substances (essential oils or artificial aromatic substances), passenger cars and petroleum oils; except raw.
Direct foreign investment from the European Union to Mexico from 1999 to September 2021 totaled 179,685.2 million dollars, which is equivalent to 28.4% of the total FDI received by the country.
There are 17,709 companies with investment from the EU, according to the general directorate of foreign investment of the Ministry of Economy.
European legislators in Mexico
From February 22 to 24, a delegation of legislators from the Euro zone was in Mexico to meet with various sectors of the government and the private sector to see what the status of the TLCUEM is.
“I don’t see anyone in Mexico who could oppose the modernization of the treaty,” Baker said, reiterating not only the benefit for agricultural trade, but also “because we are seeing the recent economic performance of Mexico has been better than activities linked to the export industry.
“It seems positive to me, in the sense that they expressed their concern for Mexico to have cleaner energy and reduce CO2 emissions. We have to take care of our world,” said Ruiz Harte.
“The EU needs this agreement, especially in a context where we see rising protectionism, an increasingly inward focus of many of our trading partners, and a militarization of trade,” said Bernd Lange (S&D, Germany), head of the delegation and president of the INTA commission of the European Union.
