The agreement also facilitates the activity of EU companies in Mexico by simplifying customs procedures to streamline industrial trade and establishing a clause on the free flow of data and investment protection. After two years of negotiations, on 10 April 2000, Mexico and Israel signed a free trade agreement that was implemented on 1 July 2000. The agreement immediately abolished tariffs on most goods traded at the time of the Mexico-Israel agreement, with the total removal of tariffs until 2005. Policymakers expected the agreement to strengthen Mexico`s export access to the Israeli market, which is intended to directly transform Israeli countries into Mexico and increase technology transfers from Israel to Mexico. Mexico offers more free trade agreements (FTAs) than any other country and is a trading partner with more than 50 countries. The full list of Mexico`s 14 free trade agreements is available here. Given this reputation, it is easy to believe that free trade agreements make business in Mexico tariff-free. While this robust export platform offers many benefits to businesses, it requires vigilance, as agreements are often amended. For answers to all your questions about Mexico`s free trade agreements and how they can benefit your business, contact Tetakawi today. Mexico and Japan signed a free trade agreement, the Economic Partnership Agreement (EPA), in September 2004.
The EPA was Japan`s second free trade agreement and its most comprehensive bilateral agreement at the time. This was Japan`s first agreement on the liberalization of agricultural trade, a factor that led to initial resistance in Japan. In addition to removing customs barriers, it includes rules in other areas, including labour mobility and investment22 Since the signing of the EPA in 2004, Japan and Mexico have continued to liberalize bilateral trade by opening negotiations and agreeing to the strengthening of the EPA. After two and a half years of discussions, countries announced an EPA review agreement and signed the new agreement on 23 September 2011.23 As part of the revised agreement, Japan extended reduced-price import quotas for certain agricultural imports from Mexico, including beef, pork, chicken and oranges. Mexico has agreed to accelerate the removal of import duties on auto parts and paper for inkjet printers from 2014 to 2012. Mexico has also abolished tariffs on mandarin oranges and set tariff quotas for apples and green tea24. The Alliance`s approach to trade integration is often seen as a pragmatic way to deepen economic relations. It is more outward-looking than other regional initiatives such as the Southern Common Market (Mercosur).