US EditionMexico and EU revamp trade agreement days before Trump takes office with threat of tariffs
- The European Union and Mexico have agreed to a revamped free-trade agreement days before Donald Trump's return to the White House, marking a significant update to their 2000 trade accord that covered only industrial goods.
- The agreement will allow Mexican companies to bid for government contracts in Europe and EU companies for those in Mexico, while also ensuring duty-free trade in goods including agricultural products.
- The deal is seen as a way for Mexico to reduce its reliance on the United States and gain better access for various products, including orange juice and tuna.
- European Commission President Ursula von der Leyen stated that the deal proves that open, rules-based trade can deliver for prosperity and economic security.
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Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs
MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S. President-elect Donald Trump, who has threatened to slap sweeping tariffs on Mexico and other trading partners. The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agri-food imports from Europe, remove…
·Albuquerque, United States
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