Mexico expects trade deal with EU to be approved in 2022, minister says

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MEXICO CITY — The European Union is expected to sign its updated trade agreement with Mexico later this year, Mexican Foreign Minister Marcelo Ebrard said Friday.

The EU and Latin America’s second-largest economy in 2018 reached an agreement in principle on updating their joint trade deal, but the coronavirus pandemic and a complex approval process hampered final ratification in Europe.

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Addressing Mexican lawmakers, Ebrard said the conclusion of the process would depend on the EU and that European officials had informed Mexico that it would likely happen in 2022.

“We expect that this year they will approve the update of the agreement that we already have with them,” he said. (Reporting by Dave Graham; Editing by Leslie Adler)


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