Key International Trade Agreements for Mexico
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What is the European Union and its start date?
The first steps were to foster economic operations. Countries that trade with one another become economically interdependent. It came into force on July 1, 2000.
Benefits of the EU-Mexico Trade Agreement
The EU-based trade policy agenda sends a signal to the world that the EU and Mexico are open for business and reject protectionism.
Implications of the UK's Exit from the EU
A key transition period began to determine the future relationship between the UK and the EU.
What is the Pacific Alliance and its start date?
It is a mechanism of economic and commercial integration, based on four pillars. It entered into force on July 20, 2016.
Objectives of the Pacific Alliance
To promote greater growth, development, and competitiveness of the economies of the parties.
Why Mexico and China Signed a Trade Alliance?
To boost the economic activity of both parties and reduce financial costs.
Significance of the Mexico-Japan Trade Deal
It represents the first comprehensive free trade agreement for Mexico because it included the agricultural sector.
What the Mexico-Japan Agreement Promotes
Improvement of the business environment and cooperation, such as vocational education and support for small and medium enterprises.
Mexico-Japan Agreement: Start Date and Purpose
It came into force on April 1, 2005. It represents an important opportunity to realize Mexico's export potential to the Japanese market.
What the Mexico-Japan Agreement Includes
Quotas for some Mexican products that enter the Japanese market with lower tariffs.
What is the TPP?
The Trans-Pacific Partnership.
Objective of the TPP
To promote economic growth, improve innovation, productivity, and competition.
What the TPP Provides
The disappearance of almost all tariffs on some 18,000 agricultural and industrial items.
What is ALADI and What Does it Promote?
ALADI stands for the Latin American Integration Association. It promotes the expansion of regional integration.
What ALADI Involves
It involves tariff reduction and trade promotion, economic complementation, and agricultural trade.
When was ALADI Created?
August 12, 1980.