EU–Mexican relations
Adaptation to global trade relations
in Latin America–European Union relations in the twenty-first century
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This chapter explores the practices and institutions that have allowed the EU–Mexico relationship to increase the political and economic interconnections between the countries since the early 1990s. After both parties negotiated the 1997 Global Agreement, the first of its kind between the EU and a Latin American country, the bilateral relationship has been characterised by a convergence of public policy visions, which has benefited both parties to address the shifts in the international order since the late 2000s: the 2008 financial crises, the rise of China in global trade, the technological revolution and questions about the durability of US global leadership. In order to face such a context, the EU and Mexico agreed to modernise the GA in 2016 and conclude negotiations in 2020. One of the main goals of this chapter, along the lines of the premises of this book, is to explain and discuss the complexity of EU–Mexican trade relations considering the challenges the global trade system is facing today. After reviewing the literature about the study of the EU–Mexico relationship and the contribution of the gridlock concept to explain its existence, this chapter examines three significant points in the EU–Mexico relationship. First, it provides a contextual overview about the main trends of the world trade system and the potential effects on Latin America. Second, it explains the conditions that facilitated the negotiation of the GA, its evolution and the subsequent Strategic Partnership (SP). The final section discusses the rationale for the modernisation of the GA and some of its unique details.

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