The Economic Partnership, Political Coordination and Cooperation Agreement (Global Agreement), which defines the objectives and mechanisms for liberalising trade in goods and services, was approved by the Mexican Senate on 20 March 2000 and on 6 May 1999 by the European Parliament. The part of the Free Trade Agreement established by Decision 2/2000 of the EU-Mexico Joint Council entered into force on 1 July 2000. It sets out the main principles that will henceforth underpin the Council`s approach to trade negotiations. The trade aspects of the global agreement were adopted by Decisions 2/2000 establishing a free trade area for goods and by the EU-Mexico Joint Council 2/2001 establishing a free trade area for services. Any existing European agreement that is not shaken up ends on the 31st.