13.06.2015 - 23:00 [ In These Times ]

Mexico-EU Trade Agreement “Could Be Worse Than NAFTA”

Now the planned renegotiation of the “Global Agreement” between Mexico and the EU, announced on May 11 by European Union Commissioner for Trade Cecilia Malmström, could introduce a whole new round of trade provisions that may bring the agreement even closer to NAFTA. Trade experts and labor officials in Mexico warn that with Mexico already hurt by more than two decades of accords—as well as reeling from energy reforms that further open Mexico to foreign investment and ownership—the country has few barriers to protect itself from any adverse effects of a new treaty.