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Mexico resists EU pressure to approve trade deal after legal changes

Adviser to president raises concerns over amendments, saying deal should not be split for separate approvals
Hector Vasconcelos denies Mexico is holding up the trade agreement © Ginnette Riquelme/Reuters

Hector Vasconcelos denies Mexico is holding up the trade agreement © Ginnette Riquelme/Reuters

Mexico is resisting pressure from the EU to sign off on a trade deal that was agreed four years ago, arguing legal changes recently proposed by Brussels will slow down the approval process.

EU trade commissioner Valdis Dombrovskis said Mexican officials “are taking their time” after Brussels made some amendments that mirror a structure used in an accord between the EU and Chile finalised last month. Brussels hopes the tweaks should smooth the deal’s ratification, but Mexico City fears they could mean the treaty requires separate stages of approval.

“In recent weeks we proposed a possible solution on the legal architecture of this modernised global agreement to Mexico,” Dombrovskis said.

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Author: Editors Desk

Source: Financial Times

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