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EU and Mexico agree to accelerate talks for new, reformed free trade agreement

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F

Funky Papa

FUNK-Y-PPA-4
Joni said:
Mexico is that much cheaper than Eastern Europe?
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Not only that, Mexico is in a perilous situation right now, so there's a chance the deal will be considerably more favourable towards the EU out of necessity (which isn't to say it will be bad for Mexico).
 
M

M3d10n

Member
Joni said:
They need to shave off some bad parts from the mentioned trade agreements, but for the rest Mexico could be a nice trustworthy partner.
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Funny thing is: most of the bad parts of those agreements were there mostly for the benefit of US companies. With the US out, things become much more reasonable.
 
F

Frankfurter

Member
kruis said:
I always wonder how the EU thinks it can create jobs through free trade agreements with low income countries. It didn't work out for the US with jobs going across the border because it made sense for US companies to set up factories in Mexico because of the lower wages and reduced import duties.
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This is assuming that trade is a zero sum game. But... it isn't.
 
J

joanot

Member
kruis said:
I always wonder how the EU thinks it can create jobs through free trade agreements with low income countries. It didn't work out for the US with jobs going across the border because it made sense for US companies to set up factories in Mexico because of the lower wages and reduced import duties.
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Foreign investment in Mexico should create more and better jobs there => boosting domestic consumption => bigger market to sell products to => boosting production to export there. It usually takes time but at the end is good for both parties.
 
kruis

kruis

Exposing the sinister cartel of retailers who allow companies to pay for advertising space.
Joni said:
Mexico is that much cheaper than Eastern Europe?

That would be brilliant for the trade war with the US.
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20% or so cheaper than Poland or Romania. But there's no benefit to it from the perspective of Western European countries. Yes, we may get cheaper goods from Mexico through free trade but it will also mean the loss of jobs, just like whole industries moved to Eastern Europe in the past twenty years.

I'd rather have economic stability and jobs than cheaper nachos.
 
D

d9b

Banned
trumpcb925.jpg
 
D

Dehnus

Member
Mimosa97 said:
I hope the EU moves on this trade agreement like a bitch
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You just know that rasPutin will pull a few Strings and his puppets will dance in Europe. From the extremer old fashioned socialist parties (not the more modern ones, know the ones that are Maoist). till the Alt Reich ones like Frauke Petri's AFD and Le Penn.... They will bitch moan and scream about this like no tomorrow.
 
F

Funky Papa

FUNK-Y-PPA-4
kruis said:
20% or so cheaper than Poland or Romania. But there's no benefit to it from the perspective of Western European countries. Yes, we may get cheaper goods from Mexico through free trade but it will also mean the loss of jobs, just like whole industries moved to Eastern Europe in the past twenty years.

I'd rather have economic stability and jobs than cheaper nachos.
Click to expand...

Shipping costs will be massively more expensive. You also need to take that in consideration. I wouldn't expect a lot of damage from the industrial side. On the contrary.

Now, agriculture. That may be a very different thing. Not that I know much about this deal anyway.
 
D

Dehnus

Member
kruis said:
20% or so cheaper than Poland or Romania. But there's no benefit to it from the perspective of Western European countries. Yes, we may get cheaper goods from Mexico through free trade but it will also mean the loss of jobs, just like whole industries moved to Eastern Europe in the past twenty years.

I'd rather have economic stability and jobs than cheaper nachos.
Click to expand...

Erm, you do know transportation costs are quite high right? So 20% cheaper than Poland means a loss on transportation unless you huge GIGANTIC bulk. Eventually the "jobs" you cherish so much will also enrich Mexico to a point where their wages will go up. That is if we can sustain that "EVERYBODY SHOULD BE WORKING AND CONSUMING LIKE CRAZY!" thing we do right now. We are consuming our planet into a meltdown, until the human species can't survive on it any longer.

But thank you for proving my point about Putin pulling strings, it was so predictable. And again thanks for proving that Europe is bloody arrogant. Telling US citizens that they are foolish and asking why they elect Trump, only to spout the exact same things mere moments later, with some slight tweaks:

https://www.youtube.com/watch?v=UdEe7AXlCMw

It's the guy that voiced the "Donald" in the Ponyland invitation video :).
 
C

ClosingADoor

Member
Funky Papa said:
Shipping costs will be massively more expensive. You also need to take that in consideration. I wouldn't expect a lot of damage from the industrial side. On the contrary.

Now, agriculture. That may be a very different thing. Not that I know much about this deal anyway.
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Considering the European attitude on agriculture, I doubt they give much concessions there. France would throw a fit.
 
U

Usobuko

Banned
EU, after US leadership is thrown to the gutter with Trump, can you get Asia along the memo too.

Especially SE-Asia
 
S

StayDead

Member
As much as I love this, it just makes me even more upset that we're going to trigger article 50. Fuck the 2% majority :(
 
C

Camp Freddie

Member
Danneee said:
By now I don´t think anyone cares what the UK:s opinion is on anything EU related.
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I think we lose our veto on trade as soon as Article 50 is invoked.

It makes a lot of sense for the EU to move now. Mexico needs a new trade deal more than the EU does, due to Trump's mercantilism.
And I doubt that anyone in the EU is too worried about giant Mexican corporations using investor-state-arbitration to sue the German government or whatever.
Agricultural imports would probably be the trickier part of any deal. EU maize growers won't want to compete with Mexico.

Humiliating Trump is just an added bonus.
 
R

Ragnar Blackmane

Member
Frankfurter said:
That's part of the reason why TTIP was rejected, though.
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It was the #1 thing that made EU electorates put massive pressure on the various governments (particularly in France and Germany) actually. You don't even want to know how low popular support became here in Germany after it became clear that TTIP trade tribunals would circumvent national law systems. That and chlorine chicken, heh.
 
F

Frankfurter

Member
Ragnar Blackmane said:
It was the #1 thing that made EU electorates put massive pressure on the various governments (particularly in France and Germany) actually. You don't even want to know how low popular support became here in Germany after it became clear that TTIP trade tribunals would circumvent national law systems. That and chlorine chicken, heh.
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I know, I'm from Germany myself ^^
 
O

oti

Banned
Ok Mexico, here's the deal.

Give us Tacos.
You get to be part of Eurovision.

LET'S GO!
VAMOS!
 
A

Aiii

So not worth it
Syncytia said:
Please remember us in 4 years :(

If Trump gets reelected do whatever the fuck ya'll want. We deserve it.
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I hate to say it, but once a bridge is burned, it's not going to magically reappear once you get rid of Trump.
 
S

Syncytia

Member
Aiii said:
I hate to say it, but once a bridge is burned, it's not going to magically reappear once you get rid of Trump.
Click to expand...

Yeah, I know, it will be a long road once he's gone and hopefully Republicans as well. Trump has done almost an incomprehensible amount nearly irreversible damage to us, and half the country seems to love it or are willfully ignorant of it.
 
J

JonnyDBrit

Member
You know, I kinda wonder what impact this might have on Spain, economically.

For obvious reasons, Spain and Mexico share a common tongue, even if in different dialects. And with the exit of Britain from the EU, Spain (and Portugal) would be left as an obvious port of call for Mexican goods entering the continent, and vice versa.
 
A

Aiii

So not worth it
JonnyDBrit said:
You know, I kinda wonder what impact this might have on Spain, economically.

For obvious reasons, Spain and Mexico share a common tongue, even if in different dialects. And with the exit of Britain from the EU, Spain (and Portugal) would be left as an obvious port of call for Mexican goods entering the continent, and vice versa.
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Doubt that. They will use whatever port is cheapest for them to transport to and from, really.
 
K

KingSnake

The Birthday Skeleton
Aiii said:
Doubt that. They will use whatever port is cheapest for them to transport to and from, really.
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But he has a point. The common language is an additional incentive for setting up European headquarters. Just look at Ireland. Sure, other incentives must be present too. The distance might also help for instance.
 
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