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IN THE - EU FREE TRADE AGREEMENT vThe Mexico-EU FTA, effective since July 1, 2000, created the first free Mexico's Trade with Portugal, 1998-2003 trade area linking Europe and the Western Hemisphere. v Mexico-EU trade has grown from US$18.1 billion in 1999 to US$21.8 Mexican Exports Mexican Imports billion in 2002. 180 194 v In 2002, Portugal was Mexico’s tenth trading partner among the 15 EU 149 130 87 101 94 52 member States. 44 51 51 46 vIn 2002, Mexico-Portugal trade reached US$ 224 million, which million US dollars 1998 1999 2000 2001 2002 2003* represented 1 percent of Mexico’s total trade with the EU. vBetween 1999 and 2002, Mexico-Portugal trade declined 3.6 percent. Source: Ministry of the Economy * January-May

Mexico’s Top 10 Export Products to Portugal, 2002 Mexico’s Top 10 Import Products from Portugal, 2002 (thousand dollars) (thousand dollars) Rank Description VALUE % Rank Description VALUE %

1 Crude oils 116,138 89.5 1 Molds for rubber or plastics 6,924 7.3 2 Chickpeas 4,036 3.1 2 Buta-1,3-diene and isoprene. 5,917 6.3 3 Vinile chloryne 1,617 1.2 3 Modular circuits 3,637 3.9 4 Antibiotics 1,008 0.8 4 Distributors, ignition coils 3,061 3.2 5 Other sugar confectionery not containing 779 0.6 5 Freezers of the chest type 2,866 3.0 cocoa 6 Lactones 463 0.4 6 Syringes, needles and other articles 2,374 2.5 7 Denim 381 0.3 7 Cotton baby´s garments and other 2,280 2.4 accessories 8 Other films between 105 mm and 610 381 0.3 mm. 8 Natural cork manufactures 1,853 2.0 9 Cut velvet and curdoruy 332 0.3 9 Aglommerated cork 1,721 1.8 10 Other films equal to 610 mm 315 0.2 10 Electrical transformers 1,456 1.5

Source: Ministry of the Economy Source: Ministry of the Economy EU foreign direct investment in Mexico

EU FDI in Mexico in 2002

UK Belgium vBetween January 1994 and March 2003, EU foreign direct investment Others 3% 4% 4% (FDI) in Mexico added up to US$22.5 billion, which accounts for almost 20 Germany Ireland 26% percent of FDI in Mexico. 6% v Up to March 2003, 5,576 firms with European capital have established Denmark Netherlands 7% 30% throughout the country. France 8% 12% v Most of the EU´s investment in Mexico is concentrated on activities (28%) and services (40%).

Source: Ministry of the Economy

Portuguese investment in Mexico Mexico: a major trade player v Portugal is the thirteenth source of FDI in Mexico among EU members. Between January 1994 and March 2003, Portugal invested US$9 million, vMexico is the first exporter in Latin America and the 8th largest in the which represented less than 0.02 percent of FDI in Mexico in this period. world. In 2002, total exports amounted to US$161 billion. v As of March 2003, 19 companies with Portuguese capital operated in Mexico; 0.1 percent of the firms with FDI in Mexico. vThrough the NAFTA, and its network of 10 free trade agreements with 31 vPortuguese investment is mainly located in the Federal District and countries in North and South America, Asia and Europe, Mexico provides its Quintana Roo. companies preferential access to a world market that covers more than 860 vPortuguese investment in Mexico is concentrated on services (42%), ma- million potential consumers that represents 60 percent of global GDP. nufacturing activities (37%), and retail (21%).

Contacts to do Business in Mexico · Embassy of Mexico in Portugal: Estrada de Monsanto, Nº 78, 1500-462 Portugal. Tel: +(351-21) Informational fact sheet published by the Mexican Mission to the EU, Representative office of the Ministry of 762-1290 Fax: +(351-21) 762-0045 E-mail : [email protected] the Economy. Av. Franklin Roosevelt 94, 1050, Brussels, Belgium. For more detailed information or questions regarding this fact sheet please contact us by e-mail: · Mexican Trade Commission (BANCOMEXT) for Portugal in Spain: Carrera San Jerónimo 46-2o piso. Ma- [email protected], fax: 32 (02) 644 04 45 or visit our web site at drid, España. Tel :+(34-91) 420-2017 Fax: +(34-91) 420-2736 E-mail: [email protected] / cc- http://www.economia-bruselas.gob.mx [email protected]