Free Trade Agreement Between China And Mexico

by on Sep.21, 2021, under Uncategorized

Sign up here to access free tools such as favorites and notifications, or to access personal subscriptions After the election of Donald Trump, China and Mexico pledged to deepen diplomatic relations. On December 12, 2016, Chinese State Council Yang Jiechi met with Mexican Foreign Minister Claudia Ruiz Massieu to discuss improving transportation and trade between their countries. [9] In July 2019, Mexican Foreign Minister Marcelo Ebrard visited China to boost trade and investment between the two countries. [10] A free trade agreement is an agreement involving two or more countries to reduce barriers to trade in imports and exports between the parties. Agreements may include the relaxation or elimination of customs duties on goods and services transported across regional borders and may consist of environmental and social provisions based on such products. Free trade agreements can be unilateral, bilateral or multilateral, and most countries have more than one. Initially, the city of Cancún refused the building permit for the Chinese, but appealed to the state of Quintana Roo and the federal government that granted the permission. The government of Enrique Peña Nieto annulled this decision in January 2015. The head of Mexico`s Environmental Protection Agency, Guillermo Haro, terminated the contract and fined $1.5 million for damages already caused. .

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