Mexico will update the free trade agreement with the EU

Mexico is going to take another step to divert its economy from the United States and President of the trump.

The official representatives of Mexico began talks with his European Union counterparts on Monday to update its own free trade agreement, originally signed in 2000. Negotiations between the two sides has gained poignancy now tuned in to Overdrive mode for the first time Mexico and the EU have conducted these talks in 2013.

Both sides for several years expressed a desire to conclude a new agreement, but announced a "fast track" trade negotiations shortly after trump took office. "It is the common desire as quickly as possible to start negotiations", - said in February in Mexico city Andrew Standly, the European Union Ambassador in Mexico.

Mexican officials will travel to Argentina this week for a summit of Latin America at the world economic forum, where they are likely to once again confirm their interest in buying more products, especially corn and soybeans from Brazil and Argentina rather than the United States.

Last week the Deputy Minister of economy of Mexico, Juan Carlos Baker told the Financial Times that Mexico is already in talks with two South American giants for strengthening trade ties. Mexico not favor in North America. Trump has threatened to use tariffs against Mexican imports and to withdraw from NAFTA, a trilateral free trade agreement that includes Canada as well.

Mexico is one of the largest buyers of U.S. corn and soybeans. Maize is the staple food for the Mexican diet, which is found everywhere.

Argentina's President Mauricio Macri last year, eliminated export tariffs on agricultural products, introduced the former populist regime of the country. Argentina has just emerged from recession, but is growing slowly.

Brazil's President Michel Temer looking for almost any measures that will help boost the country's economy, which is suffering from record high unemployment and the longest recession in history.

Europe also seeks to find more profitable trade partners after talks on an ambitious trade deal with the United States - the Transatlantic partnership on trade and investment (TTIP) - have stalled long before trump took office.

Mexico has already achieved success in the area of free trade with the European Union. In the period from 2005 to 2015 annual trade flows between the two countries doubled to $56 billion, According to officials and EU data, Europe represents 40% of all foreign investment in Mexico since 2000.

sections: Economics, World News