Free Trade Agreement Ireland

The EU-Mercosur agreement will remove tariffs for Irish businesses, protect distinctive Irish food and beverages and open up the Mercosur services market to Irish businesses. Singapore is now planning the removal of all remaining tariffs on certain EU products (such as alcoholic beverages, including beer and stout) and has committed to keeping the current duty-free access for all other EU products unchanged. Two rounds were held, most recently in Cebu, Philippines, from February 13 to 17, 2017. While these negotiations are just beginning, Member States, including Ireland, believe that Vietnam`s text – perhaps with a little more ambition – would be a good model for a future agreement. No upcoming rounds are planned. There are several key sectors subject to a single EU-based regulation, in which it seems unlikely that a free trade agreement would allow full membership and participation. These include common markets in the areas of financial services, transport, broadcasting, communications, energy and digital services. As regards the agri-food industry, Ireland has a large trade surplus with Mexico, particularly in the dairy sector, amounting to more than €45 million in 2017. The announcement of an agreement in principle strengthens and strengthens relations between the EU and Mexico, which will create further opportunities for the Irish agri-food sector.

In general, the EU is Mexico`s second largest export market after the United States and Mexico`s third largest source of imports after the United States and China. Following a legal review, the agreement was signed on October 30, 2016. It was preceded by discussions with the Member States, in particular with a view to amending the mixed nature of the Agreement (competence of the Commission and the Member States) and separating the decisions on signature and provisional application. Only those parts of the agreement that fall within the competence of the EU can be applied provisionally. For example, the investment chapter cannot be applied provisionally, as these are matters for which the EU has no competence (portfolio investment, expropriation). The European Union and Japan have signed the Economic Partnership Agreement, a comprehensive trade agreement that includes goods, services and investment, tariff elimination, non-tariff barriers and other trade-related issues such as government procurement, regulation, competition and sustainable development. The EU has the largest trade network in the world, with 41 trade agreements covering 72 countries. This is due to the fact that the EU negotiates trade agreements on behalf of all Member States so that businesses and consumers can buy and sell goods and services on global markets that would be difficult for small nations like Ireland to access.

The agreement provides for very important access to the Mexican market for EU agri-food products, in particular for milk, pork and poultry. The Council gave the Commission the green light to open negotiations for a free trade agreement with Indonesia on 18 July 2016. The 5th round of trade negotiations was held in Brussels from 9 to 13 July. . . .

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