The European Union and the Mexican government agreed at the 4th Mexico-EU Summit over the weekend in Los Cabos, a beach resort in northwestern Mexico, to "launch a new dialogue on macroeconomic affairs soon," an official joint statement said.
Mexican President Felipe Calderon and Foreign Relations Secretary Patricia Espinosa reached the agreement during the summit Sunday with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.
The new effort at macroeconomic coordination is designed to "improve mutual understanding and promote coordination in different forums" that deal with matters of global importance, "particularly in the context of the Group of 20 (G20)," the statement said.
The two sides agreed to "keep markets open and fight protectionism," as well as to support "the strengthening of the multilateral trade system," whose future is being negotiated by the World Trade Organization, or WTO, the statement said.
The EU and Mexico praised the free trade agreement that has been in effect since 2000, allowing bilateral trade to reach a record $57 billion in 2011.
The EU invested $105 billion in Mexico between 1999 and 2011, accounting for 36.6 percent of total investment.
The EU and Mexico, moreover, agreed to extend the Joint Executive Plan of the Strategic Partnership, which was created by both parties in 2010 to bolster bilateral relations.
Mexico "invited the EU to jointly explore new frameworks for triangular cooperation in designing joint projects within the Mesoamerican Development and Integration Initiative," the statement said.
The Mexican and EU officials praised the bilateral security dialogue on public safety and the administration of justice, an effort that has allowed the two parties to strengthen relations to fight organized crime groups.
Mexico and the EU are "exploring actions that can be taken in the short-term" in the areas of exchanging experiences and information, and improving contacts between European and Mexican officials, while at the same time bolstering the long-term bilateral strategy, the joint statement said.
The two parties agreed to launch the 1st Sectoral Dialogue on Culture in early 2013.
"We should like to thank President Calderón for hosting the VI Mexico-EU Summit ahead of the important G20 Summit. Our meeting provided a welcome opportunity to reaffirm the importance the EU attaches to its Strategic Partnership with Mexico," Van Rompuy and Barroso said in a joint statement.
The Mexico-EU Summit was held ahead of the G20 summit, which started Monday in Los Cabos. EFE