The agreement allowed Japan to gain wider access to the Mexican market and enter the North American and South American markets through Mexico and its extensive network of free trade agreements. The objective of this agreement is to create a framework to promote the development of trade in goods and services and their bilateral and preferential, progressive and reciprocal development, taking into account the sensitivity of certain product and services sectors and in accordance with the relevant WTO rules. The Joint Council is responsible for defining the modalities and timetable for the liberalization of tariffs and non-tariff barriers to trade in goods, in accordance with the relevant WTO rules. The decision covers the following topics:[3] Mexico`s first free trade agreement was signed in Santiago, Chile, in 1998, and entered into force in 1999. More broadly, it is not surprising that Mexico`s major trading partners receive exports in the form of at least one of the country`s free trade agreements (SAAs), with the exception of China. The EU is committed to integrating its new approach to investment protection and dispute settlement – an investment court system – into all its new trade agreements. The investment justice system: a hundred EU spirits with geographical indications are already protected by the existing agreement between the EU and Mexico. Under the new trade deal, the EU wants Mexico to protect another 340 EU geographical indications on wines and food. This means that only products made in the EU can be sold in Mexico under the name in question. . . .
