· In addition to the Swiss President and Secretary of Economy Ildefonso
Guajardo, the representatives of Norway, Iceland and the Liechtenstein, which
comprise the European Free Trade Agreement (EFTA), also signed the document.
· The parties agreed that negotiations will be conducted quickly and
During his participation in the World Economic Forum in Davos, President
Enrique Peña Nieto held a meeting today with President of the Swiss
Confederation Johann Schneider Ammann, with whom he witnessed the signing of
the Joint Declaration on the Launch of Negotiations for the Review of the Free
Trade Agreement (FTA) between Mexico and the Member States of EFTA.
The president of Mexico and his Swiss counterpart, as well as the
representatives of Norway, Iceland and Liechtenstein, who signed the document
together with Mexican Secretary of Economy, Ildefonso Guajardo Villarreal,
expressed their decision to update the Free Trade Agreement and agreed that negotiations
will be conducted quickly and efficiently.
The aim, said Ildefonso Guajardo, is to achieve an FTA in keeping with the
21st century between Mexico and the EFTA states.
The FTA between Mexico and EFTA was signed on 27 November 2000 and entered
into force on July 2001, while the General Framework for the Revision of
the Treaty was concluded on October 28, 2015.1,
The document, signed by the parties today, establishes the terms for the
negotiations to update and expand the FTA between Mexico and EFTA.
The representatives of EFTA and Mexico highlighted the successful
functioning of the FTA and its important contribution to increasing trade and
investment between both parties. “I'm sure we can do an even better job,” declared Secretary of Economy
Ildefonso Guajardo Villarreal.
The review of the FTA is designed to expand the access of Mexican agricultural
products to EFTA states; eliminate, reduce or prevent unnecessary non-tariff
barriers, update the chapters already included in the FTA and incorporate new
Issues that will eventually be included include trade facilitation,
regulatory coherence, SMEs and energy cooperation.
In addition, both parties seek to strengthen investment flows by updating
and modernizing their TLC.
The Joint Declaration on the Launch of Negotiations for the Review of
the Free Trade Agreement between Mexico and the EFTA States was signed by Secretary
of Economy Ildefonso Guajardo; President of the Swiss Confederation Johann
Schneider Ammann; Minister of Foreign Affairs of Norway Borge Brende; Minister
of Foreign Affairs, Education and Culture of Liechtenstein Aurelia Frick, and Permanent
Representative of Iceland to the United Nations Martin Eyjolfsson.
During the meeting President Enrique Pena Nieto held with President of
the Swiss Confederation Johann Schneider Ammann, the two leaders agreed to
promote the exchange of best practices in dual education.
They also agreed that negotiations for updating the FTA between Mexico
and EFTA should be conducted quickly and efficiently, in order to contribute to
greater economic and commercial exchanges between the two parties.