THE ECONOMIC DIPLOMACY AND ITS PERSPECTIVES IN EU – MEXICO RELATIONSHIP

Ana Voicu

Euroinfo, 2019, vol. 3, issue 3, 21-33

Abstract: During the EU-Community of Latin American and Caribbean States Summit of 2013, Mexico and the EU decided to explore the options for a comprehensive update of the Economic Partnership, Political Coordination and Cooperation Agreement, in particular its trade pillar. The negotiations started in May of 2016 and both sides reached an agreement on the trade part in April 2018. Furthermore, in 2018 Mexico has ratified the CPTPP, formerly known as TPP, and signed with United States and Canada a trade deal to replace the old NAFTA, the new USMCA. Following a pro-active economic diplomacy, Mexico's new agreements aimed at improving access conditions on external markets, including the EU Member States market, increasing trade flows, investment, and diversifying economic geography, as a way of reducing its economic dependence on the US that is presently significant.In this context, this article aims to present the implications of the New Agreement and of the new economic diplomacy in relation to the EU on the economic development of the country so that the state can benefit from greater intervention power to combat poverty and inequality, without raising taxes hence contributing to Mexico's "fourth transformation".

Keywords: Mexico; European Union; Global Agreement; CPTPP; USMCA; international trade; partnership and international cooperation; regional integration; foreign policy; economic diplomacy (search for similar items in EconPapers)
JEL-codes: F F1 F10 F5 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:3:y:2019:i:3:p:21-33

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