Experts foresee until 2018 end of talks in TLCUE

21 . DICIEMBRE 2017 Tags:   

Although Ildefonso Guajardo, Secretary of Economy, hoped to conclude the renegotiation of the Free Trade Agreement with the European Union (TLCUEM) in the round this week, this would not happen and would be until early 2018, experts predicted.

According to José Hernández, a professor of international business at Tecnológico de Monterrey, this was to be expected, since the issues of dispute resolution, intellectual property, and especially government purchases, have built a barrier between negotiators.

The TLCUEM tripled bilateral trade between Mexico and the region of 20.8 billion dollars, to more than 61.7 billion dollars, since 2000, the year in which it was signed.

"There is a scourge that is causing this negotiation of the FTAAEM not to prosper, and that is corruption, why? Because a chapter that Europeans consider vital is that of government purchases and we know what rules in Mexico when making a tender for public works and for acquisition of services from private individuals to provide for the government and it is very frustrating for Europeans, "said Hernández.

Gustavo Uruchurtu, founder of Uruchurtu & Abogados Consultores and former collaborator of the International Commercial Practices Unit of the Ministry of Economy, considered that there is interest from Europeans to reduce opacity in this regard.

"If you take into account the vision that Europeans have, the corruption part should be a fundamental and fundamental part for them," said Uruchurtu.

According to the specialist, the renegotiations of the commercial agreement would end in the first quarter of next year.