Angela Merkel, and Mexican President Enrique Peña Nieto, who face trade tensions with US President Donald Trump, praised an agreement in principle between the European Union and México to boost economic ties.
German Chancellor Angela Merkel and Mexican President Enrique Peña Nieto, facing trade tensions with US President Donald Trump, praised an agreement in principle between the European Union and Mexico to boost economic ties.
Merkel praised as “real good news for Europe, Germany and Mexico,” the agreement in principle.
“We know that we face common challenges and we believe that multilateral cooperation can be an added value for all,” said the leader of Europe’s main economy at the opening ceremony of the Hannover Messe. “That is why we are working on an international free trade agreement based on common rules,” Merkel said.
Peña Nieto said that México, for a long time a closed and protectionist economy, had been transformed into an open economy, based on exports, “integrated with the whole world”, with 12 free trade agreements that grant access to 46 countries.
“I have been informed by the Secretary of Economy @ildefonsogv that today in Brussels, we reached an agreement in principle in the negotiation of the Free Trade Agreement between the European Union and Mexico #TLCUEM”, reported through his Twitter account Peña Grandson, last Saturday.
Likewise, the Italian Minister of Economic Development, Claudio Calenda, said that the news of the political agreement for the conclusion of the trade negotiation of the new pact between the EU and Mexico “is an important novelty” in the face of “protectionist impulses”.