Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union’s trade network – the largest in the world. In 2018 this network covered 31% of Europe’s trade exchanges, a figure that is set to rise significantly (to almost 40%) as more trade agreements enter into force, according to the European Commission’s annual report on the implementation of trade agreements released today. Overall, trade accounts for 35% of the EU’s gross domestic product (GDP).
A summary of the hearing is now available.
EU and Mexico reaffirm the commitment to further strengthen their strategic partnership in a range of areas including climate change, multilateralism, trade and other diplomatic issues.
Mexico was the EU’s 11th largest partner for exports (2% of total extra-EU imports) and the 15th largest for EU imports (1% of total extra-EU exports) in 2018.