Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Mexican President Says Wants to Adopt Rules From EU-US Trade Deal

Enrique Peña Nieto's visit to Germany led to discussions over the possibility of joining the Transatlantic Trade and Investment Partnership (TTIP)

Mexican President Peña Nieto speaks during a news conference with German Chancellor Merkel at the Chancellery in Berlin, Photo: Reuters/Hannibal Hanschke.
By Reuters Whatsapp Twitter Facebook Share
2 years ago

BERLIN – Mexican President Enrique Peña Nieto on Tuesday backed a planned free trade deal between the European Union and the United States known as the Transatlantic Trade and Investment Partnership (TTIP), saying his country could also adopt it.

German Chancellor Angela Merkel (L) congratulated Mexican President Enrique Peña Nieto on not turning to protectionism despite oil prices. Photo: Reuters/Hannibal Hanschke.

German Chancellor Angela Merkel (L) congratulated Mexican President Enrique Peña Nieto on not turning to protectionism despite oil prices. Photo: Reuters/Hannibal Hanschke

During a visit to Berlin, Peña Nieto said TTIP offered an opportunity for more free trade and added that Mexico, which is already part of the North American Free Trade Agreement (NAFTA) along with the United States and Canada, could also negotiate such rules with the 28-member EU.

“Regarding TTIP, the European Union and USA, I think it’s perhaps a chance to update the opportunities there are within the framework of free trade and Mexico could then also do it with the countries of the European Union,” Peña Nieto told a joint news conference with German Chancellor Angela Merkel.

Mexican President Enrique Pena Nieto opened the door for more free trade agreements for his country. Photo: Reuters/Hannibal Hanschke.

Mexican President Enrique Peña Nieto opened the door for more free trade agreements for his country. Photo: Reuters/Hannibal Hanschke

He said Mexico had made efforts to sign more free trade agreements and that it was also currently negotiating to update a cooperation agreement it has with the EU.

Merkel praised Peña Nieto for not turning to protectionism and isolation despite falling oil prices that have hurt Mexico, an oil producer. She added that Mexico was a good partner for the EU and Germany.

Trade negotiations between Brussels and Washington are at a crucial point since both sides believe the TTIP stands a better chance of passing before U.S. President Barack Obama leaves the White House next January.

Advocates of TTIP say the accord would bring big benefits as it would unite half the world’s economy and remove barriers for small companies to do business.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Democrat Jones wins stunning red-state A ...

3 days ago
Business

Asian stocks mixed ahead of Fed rate ann ...

3 days ago
Entertainment

NFL Network suspends analysts over sexua ...

3 days ago
Business

Minnesota announces restrictions on usin ...

3 days ago
Most Popular

French PM says Disputed Labour Bill Open ...

By The Associated Press
Business

Business Leaders Bullish About Long Term ...

By Lázaro González
Business

New Delivery App Rappi Says It's Not Sel ...

By Caitlin Donohue
Business

Power Lunch to Close

By The Associated Press
Business

Daily Exchange: Dollar Continues Descent ...

By Notimex
Business