The EU and Mexico have recently held in Brussels the first round of negotiations for the modernisation of the Economic Political Coordination and Cooperation Partnership Agreement (Global Agreement), which has been in force since October 1, 2010, and that aims at adapting relations between both regions to the new realities in the field of trade and investment.
The first meeting focused on the methods to organise the work and on the content of the new agreement. From the economic point of view, the modernisation of the overall agreement aims to adapt the relations between the two regions to the new trade and investment realities.
According to the Bulletin of the Institute of Foreign Trade, ICEX, Spain has always supported this process that, after the conclusion of the Comprehensive Economic and Trade Agreement with Canada (CETA) and the advances in the Transatlantic Trade and Investment Partnership with the US (TTIP), is essential to update the framework of overall relations with the three countries involved in the North American Free Trade Agreement (NAFTA).
The growth of Spanish fruit and vegetable exports to Mexico has been negative in recent years, as it went from 1,084 tons in 2010 to 12 tons in 2015. The export value in 2010 amounted to 840,740 euros and in 2015 to 81.4134 euros.
In the first quarter of 2016, shipments of fresh fruits and vegetables to Mexico stood at 7 tons worth 51.202 euros, according to data from the Directorate General of Customs Tax Agency under the Ministry of Economy.
Expectations are that exports of stone fruit to these countries, especially of plums from Extremadura, will restart this campaign.
Source: fepex.es