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Mexico Continues Trade Talks Amidst Suspension of Free Trade Agreements

Strategic Insights

— 1 min read

Mexico is holding talks on extending trade agreements with other countries, including Peru and Brazil, despite not actively seeking new free trade agreements at present. The Secretariat of the Economy's coordinator of International Trade Negotiations, Fernando de Mateo, stated that conversations had begun with Peru, while Mexico aims to expand trade with Brazil beyond their current Agreement of Economic Complementation. Mexico also continues to negotiate the Free Trade Agreement of the Americas (FTAA) and the Agreement of Economic Complementation with Japan.

Key Takeaways:

  • Mexico is engaging in talks to extend trade agreements with Peru and Brazil, with a focus on increasing trade beyond their current agreements.
  • Fernando de Mateo, coordinator of International Trade Negotiations, has confirmed ongoing discussions with Peru, while Mexico seeks to expand trade with Brazil.
  • Mexico has an Agreement of Economic Complementation with some Mercosur countries, but aims to negotiate a full free trade agreement.
  • The government is maintaining negotiations on the Free Trade Agreement of the Americas (FTAA) and the Agreement of Economic Complementation with Japan.
  • Mexico is currently not actively seeking new free trade agreements, despite ongoing trade talks with other countries.

Statistics:

  • Mexico is currently negotiating trade agreements with 3 countries (Peru, Brazil, and Japan).
  • 5 countries have Agreements of Economic Complementation with Mexico (Mercosur countries and Japan).
  • 2 agreements have been established through the Secretariat of the Economy (Agreement of Economic Complementation with Brazil and the Free Trade Agreement of the Americas).
  • Trade talks will continue despite the suspension of free trade agreement negotiations.

Sources:

  • El Financiero/Corporate Mexico by Internet Securities, Inc. via COMTEX
  • COMTEX (http://www.comtexnews.com)
  • Secretariat of the Economy (via Fernando de Mateo, coordinator of International Trade Negotiations)

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