Sectoral AnalysisThe EU's key imports from Mexico are fuels and mining products, office and telecommunication equipment, transport equipment, and other machinery. In terms of services EU imports from Mexico are dominated by travel services, and transport services. EU services exports to Mexico consist mainly of transport services, and telecommunications, computer and information services.
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Economic AnalysisThe EU is Mexico's third-largest trading partner after the US and China. Nearly 8% of Mexico's total trade took place with the EU in 2016. In 2016 the EU was Mexico's second-biggest export market after the US. The EU was Mexico's third-largest source of imports in 2016, after the United States and China. Key EU exports to Mexico include other machinery, transport equipment, chemical products, and fuels and mining products.
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Sustainability Analysis
Social Analysis
"Since the beginning of the 1990’s, the need to create a minimum social foundation for the development of trade - one that guarantees certain safeguards against social dumping – has resulted in the signing of an increasing number of Free Trade Agreements (FTAs) which include a labour dimension, either in the agreement itself or in a parallel agreement." |
Environmental Analysis
Mexico’s rugged, mountainous topography creates countless microclimates which support one of the most diverse arrays of plant and animal species of any country on the planet. The CIA World Fact Book considers the following to be a few of the biggest threats to Mexico ’s environment: hazardous waste disposal; rural to urban migration; poor water quality; and deforestation. |
Human Rights Analysis
“Trade agreements invariably affect the human rights of consumers, residents, workers, those in poverty and others, and on the ability of States to regulate and protect the human rights of their people...” according to a joint report from the UN Human Rights office (OHCHR) and United Nations Development Programme (UNDP). |