Europe: opportunity for Mexico

The possibility of having the new U.S. Government renegotiating or exiting the NAFTA, has set off the alarms in Mexico, while the European Union is looking to establish a deeper commercial relation. The Free Trade Agreement between Mexico and the European Union (TLCUEM) became effective in the year 2000 and the negotiations to update it started in June 2016 with an inaugural round in Brussels, Belgium. There was another negotiation round later on in Mexico in November and the process is expected to resume in April this year in Brussels again, even though there is no formal date yet to finalize the negotiations.