Mexico: Trade agreement with the European Union will be signed in May

The Undersecretary of Foreign Trade of the Ministry of Economy in Mexico, Luz María de la Mora, said that the Government of Mexico could sign the Free Trade Agreement with the European Union next May .

After participating in the 102nd Assembly of the American Chamber of Commerce in Mexico, the federal official pointed out that the intention of said treaty is to enter into force no later than 2021.

She explained that the legal part of the texts in which they are working is currently being revised, which could be ready at the end of April to subsequently carry out the signing of the treaty.

Mexico rejects steel import rules proposed by the US

Moreover, Luz María de la Mora said the government of Mexico expresses its refusal to import quotas of steel proposed by the United States as a measure to ratify the new trade agreement with the US.

“The new Mexican government is clear that the application of measure 232 to steel and aluminum has no merit,” she said.

She noted that Mexico is not a threat to the national security of the United States, because it has a deficit of at least two billion dollars in the steel industry.

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