Which Countries Have Free Trade Agreements With Mexico

With a total of 14 Mexican free trade agreements in more than 50 countries, the country has access to more than 60% of the world`s gross domestic product. More broadly, it is not surprising that Mexico`s top ten trading partners receive exports under the terms of thought of at least one of the country`s free trade agreements without China. The agreement provides for the establishment of a joint committee (Article 70) to monitor and manage the agreement. Information sharing and consultations can take place in the joint committee. The joint committee also makes decisions in cases under the agreement or makes recommendations. The Joint Committee will also continue to examine the elimination of other barriers to trade between EFTA states and the further development of the agreement. Mexico`s heavy reliance on the United States as an export market is a likely motivation for seeking free trade agreements and other regional trade agreements with other countries. The slow pace of multilateral negotiations in the WTO could be another likely factor. Some countries view smaller trade agreements as "building blocks" of multilateral agreements. Other motives could be political. Mexico could try to demonstrate good governance by imperenting political and economic reforms through trade partnerships. One of the objectives of the Mexican-Japan EPO was to restore the competitiveness of Japanese companies in the Mexican market.

Mexico already had free trade with the United States and Canada under NAFTA and the European Union. Both agreements had penalized Japanese companies because of different legal rates and the exclusion of Japanese companies from public works projects in Mexico. Mexico has reached an agreement to increase Japanese investment in Mexico and create jobs, increase Mexican exports to Japan, increase technology transfers from Japan and strengthen the competitiveness of Mexican industry25. Below is a list of Mexico`s 14 free trade agreements, which detail the countries involved and what they can expect in trade under these provisions. The 1998 Free Trade Agreement between Mexico and Chile came into force on 7 July 1999 in Chile and 1 August 1999 in Mexico. Mexico and Chile signed the agreement at the 1998 U.S. Summit in Santiago, Chile, on April 17, 1998.