In April 2018, the EU and Mexico reached an “agreement in principle” on trade from a modernised global agreement between the EU and Mexico. On 30 May 2016, Mexico and the European Union officially began talks to update their current free trade agreement. The first round of negotiations on the modernisation of the agreement was held in Brussels, Belgium, on 13 and 14 June 2016. The second round of negotiations on the modernisation of the agreement was held in Mexico City from 22 to 25 November 2016. On 14 July 1998, a Joint Committee on the Interim Agreement was set up and negotiations for a free trade agreement were initiated. Nine rounds of negotiations took place between November 1998 and November 1999. Negotiations on the free trade agreement between Mexico and the EU were concluded on 24 November 1999.