he undersecretary of Foreign Trade of the Ministry of Economy, Luz Maria de la Mora, pointed out that Mexico seeks to conclude the negotiations of the free trade agreement with Ecuador in the first half of 2022, while with South Korea it intends to close an agreement to eliminate tariffs of up to 800 percent faced by Mexican agricultural products in that territory.

During her participation in the Foreign Trade Forum organized by Thomson Reuters and Baker Tilly, the federal official explained that they are working on negotiations with new trade partners, while with other countries they seek to expand agreements to reach more than 406 million consumers. and have a more open Mexican market.

They already paid you? SAT warns about the deadline for profit sharing 2022 It indicated that with Ecuador they began negotiations in the current administration, as a strategy of rapprochement with the countries of Latin America, where today there is a partial scope agreement that has access to certain products and goods, so the will of the governments is to modernize the bilateral relationship. “We are close, we hope, to concluding this negotiation.

The ninth round would be the week of May 23 in the city of Quito, we will have the accompaniment of the next room and the idea is that we can conclude in this semester to be able to proceed with the internal legal processes that would allow Ecuador and Mexico to have a treaty free trade,” he said.

Regarding South Korea, De la Mora pointed out that the intention is to work on a free trade agreement, since that country is the third commercial partner of Mexico, the fifth destination of exports and the 14th investor in the country, where it seeks to consolidate greater access to national agri-food and industrial goods. “Products from South Korea enter Mexico practically without tariffs, and this is not the case for Mexican products. Mexican products face an average tariff of 8 percent for industrial products and products from the agricultural sector can face tariffs of up to 800 percent. And only 20 percent of the products that Mexico sends to South Korea enter duty-free. So we want to reduce this disparity and put ourselves in equal tariff conditions, and balance the trade relationship, ”she stressed. On the other hand, she said that they have had talks with Brazil to expand the Economic Complementation Agreement 53 (ACE53). “We are working with the private sector to see what possibilities there are to extend this agreement.

Brazil and Mexico are the largest economies in the region, and it makes sense to seek rapprochement between the two countries.” “With Argentina, we have advanced to the ACE55. On March 18, we signed an Agreement to give a three-year extension to the duty-free automobile import scheme between the two countries, with a value of 750 million dollars,” the official commented. Finally, he said that with the United Kingdom and the European Free Trade Association, made up of Switzerland, Norway, Liechtenstein and Iceland, “we have a preferential trade agreement and what we are doing is that we are going to modernize and adapt.