What do you think about the European Union- México Free Trade Agreement ?

Question

I

The European Union is the first comercial power and largest market in the World! it makes exterior purchases of 851 millions of dollars. Its gross internal product is equivalent to that of the U.S.
The European Union is our second commercial associate and the second source of direct foreign investment.
Mexico received 67.4 millions of dollars of direct foreign investment between 1999 and September of 1999.
Up to September of 1999 the almost 4 thousand companies having European capital represented the 23% out of the 17,521 direct foreign investment partnerships.

The commerce between Mexico and the European Union is less dynamic and the participation of the latter in the total commerce of our country has decreased because of the preferential treatment that both Mexico and the U.S. give to third countries.

Answer 1

Good for Mexico, because it will lessen dependence on the United States. The US will always be the dominant export market and source of imports because of the human geography, but give them some competition and it is a gain.

Good for Europe, it reduces our cost of living if Mexican imports are now better value for euros than competitors'.

Good for the rest of the world through the usual multiplier effects of an increase in world trade.

Answer 2

It should have been named
"One Way Trade Agreement".
SALIDA!>>>>>>>>>>>>>North!

3,000 trucks a day, every 24 hours, pass through El Paso, TX., Northbound.
That's just El Paso!
If there are too may to inspect, they are waved through. Did I say "inspect"? LOL

Blocks and blocks of veggie warehouses on the US border.