The public procurement chapter (Chapter V, Articles 56-68) is the most comprehensive that EFTA states have concluded with each partner in this area. The free trade agreement comprises 12,017 products and replaces the 1987 Court, which included 765 products.34 Tariffs are expected to expire over a 10-year period. The agreement contains provisions relating to trade in goods and services, investments, health and plant health measures, dispute resolution procedures, rules of origin, safeguards, anti-dumping and countervailing duties, financial services, transparency procedures and temporary entry of enterprises35. More importantly, free trade agreements can increase a country`s GDP and promote trade opportunities and incentives for attractive costs for companies wishing to start their business. For companies that want to produce in a foreign company like Mexico, free trade agreements offer many advantages. These include removing barriers to trade and ensuring close cooperation between nations on trade in goods and services. Latino Fox News, “Mexico on the eve of ratification of the enhanced free trade agreement with Colombia,” April 1, 2011. An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website.  EFTA  has bilateral agreements with the following countries – including dependent territories – and blocs: by the mid-1980s, the Mexican economy was on the verge of collapse following the 1982 debt crisis, when the Mexican government was unable to meet its external debt obligations. Much of the government`s efforts to address these economic challenges have been put in place on privatization of public industries and on trade liberalization. Mexico had few opportunities to open up its economy through trade liberalization.
In the late 1980s and early 1990s, Mexico implemented a series of economic restructuring measures, which included unilateral trade liberalization, replacing the import substitution policy with others, aimed at attracting foreign investment, reducing trade barriers and making the country competitive in non-exporting oil. In 1986, it joined the General Agreement on Tariffs and Trade (GATT) in order to initiate new trade liberalization measures that resulted in closer relations with the United States. The free trade agreement between Mexico and Panama came into force on July 1, 2015. Negotiations on the agreement began on 25 May 2013. After five rounds of negotiations, the talks ended on 24 March 2014 and the agreement was signed on 3 April 2014 in Panama City,38.