By Francisco Reséndiz
Mexico and the European Union agreed on the negotiation and modernization of their 15-year-old Free Trade Agreement, in order to unleash the full potential of the strategic relationship between them.
At the end of the VII Mexico-European Union Summit, the mexican president and the presidents of the European Council and the European Commission, Donald Tusk and Jean-Claude Juncker, praised the relations between both parties and the need for their modernization.
The mexican president said that before the trade negotiations carried out by U.S. and Canada with the EU it would have been an «omission» for Mexico to not undertake the modernization of its relationship with the block of nations.
He said that Mexico and the European Union will renew three pillars of their relationship: the political dialog, cooperation and «especially» the terms of trade and investment.
By: Francisco Reséndiz, El Universal