Mexican Free Trade Essay

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Many economists think that in the 2050, Mexico will become the 8th world power and the 2nd from Latin America –behind brazil-, because in the last 10 years we have been developing and creating new commercial relationships with many countries that let us expand our imports and exports.
Our most important Free trade agreements are the ones we have with North America and the one with the European Union.
Mexico had a protectionist policy that lasted since 1940 to 1982 in those years the products we could import where restricted to protect the things that we manufactured here. When this model didn’t succeed we started to open our borders and in 1990 Canada, USA and Mexico started making negotiations to create a FTA, these negotiations lasted 4 …show more content…

The European market, with their 28 countries, make about 38% of the Growth domestic product and this is the reason why making a deal with them was important to a new upcoming economy such as the Mexican one. Even though the European Union wanted to make a Free Trade agreement with Mexico, they couldn’t develop a good political and economic policy, because at that time, many European countries had problems with their African colonies. This was the reason why their relationship with Mexico was weak until the …show more content…

In 1975 the first cooperation agreement (ACP) was signed between them, this agreement was made to develop commercial cooperation and to equilibrate reciprocal trade to foment international relationships, that could exchange human and material resources.
When Mexico entered the General Agreement on Tariffs and Trade (GATT) the European Union became more interested in making more deals with Mexico. In 1991, another and more advanced cooperation agreement was signed; this agreement was made to increase commercial, economical scientific and technical cooperation.
In 1995, the Europe union announced that they wanted to make a free trade agreement that will improve their relationship with Mexico. Mexico was the first Latin American country that signed an agreement this big with the EU, the rest of the Latin American countries used this agreement to start negotiating with the European Union.
These negotiations ended in 2000 with the creation of the Free Trade Agreement between Mexico and the European Union that strengthened their bond. This way, Mexico had access to export to the 28 countries that form the EU and had the opportunity to import many foreign products from these

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