The first EU free trade agreements with Latin American countries were the 2000 Global Agreement with Mexico and the Association Agreement with Chile in 2005. The Association Agreement and the Global Agreement go well beyond the framework of a simple free trade agreement and also provide a broad contractual basis for political dialogue, economic relations and economic cooperation. On 21 April 2018, the EU and Mexico reached an agreement in principle on key elements of a trade section of a modernised global agreement between the EU and Mexico. Among the details is the future exemption of tariffs for 99% of goods traded between the EU and Mexico. Transitional periods and quotas are provided for certain agricultural products. A total of 340 food products from the EU are protected by geographical appellations of origin. Disputes between investors and states will be settled by a publicly legitimized investment tribunal. The new agreement will cover not only market access, but also issues such as sustainability, regulatory cooperation and the fight against corruption. Once the final technical details are finalised, the modernised agreement will have to be signed, approved by the Council and the European Parliament and ratified by the Member States. In addition, since November 2017, the EU has been negotiating with Chile to modernise the existing Association Agreement. The aim is to include anti-corruption, SME support and sustainable development provisions (social and environmental standards).
The trade part of the EU Association Agreement with Central America provisionally came into force at the end of 2013. The Association Agreement between the EU and Central America is the first time that the EU has concluded such an agreement with an entire region. Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama are all participating in the agreement. The EU`s multi-lateral agreement with Colombia and Peru entered into force provisionally in 2013. Ecuador joined the agreement in January 2017. On 28 June 2019, after nearly 20 years, the European Commission successfully concluded negotiations with Mercosur countries Argentina, Brazil, Paraguay and Uruguay on the free trade component of the Association Agreement. Negotiations have been conducted with some interruptions since 1999. Thailand: Negotiations for a free trade agreement with Thailand began in May 2013. They have been suspended since the fourth round of negotiations in April 2014, with the army taking control of the country shortly thereafter. It will only be possible for the EU to reach an agreement with an elected Thai government as part of a democratic process. The Philippines and Indonesia began negotiations for a free trade agreement with the EU in 2016.
Negotiations based on the text began in 2017. The framework for EU relations with Ukraine is established by the Partnership and Cooperation Agreement (CPA) which came into force in 1998. In 2014, the EU and Ukraine signed the Association Agreement, which has been in the works since 2008 and aims to replace the existing Partnership and Cooperation Agreement and create a comprehensive and comprehensive free trade area. The political component of the agreement has been applied provisionally since 1 November 2014, as it falls within the scope of the EU`s powers alone. The part of the agreement, which provides for a free trade agreement, has been applied on an interim basis since 1 January 2016, including to the extent that the EU is the only one with the power to implement it. Mr. Altmaier: «By modernizing our trade agreement with Mexico, we are sending a strong message for free and fair world trade.» New Zealand and the GCC countries are a natural trade adjustment.