EU, Mexico officially launch update of free trade deal

May 30, 2016 1:49 PM

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BRUSSELS – The European Union and Mexico have launched talks to update a free trade agreement that one EU official says has already led to a rise of over 250 percent in goods traded between them.

Trade Commissioner Cecilia Malmstrom said Monday the pact that went into effect in 2000 should be broadened to dismantle additional trade barriers and open markets more effectively.

Also read: Mexico and EU reach new trade deal

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