Ursula Von Der Leyen Visiting Mexico to Establish New Trade Agreements
The updated pact will eliminate nearly all tariffs and add rules on digital trade, investment protections and dispute resolution, officials said.
- On Friday, Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen will sign a modernized trade agreement in Mexico City, concluding more than 10 years of negotiations to update the pact in force since the century's start.
- European Parliament rapporteur Javi López describes the alliance as a "geopolitical insurance policy," allowing both partners to diversify trade relationships and reduce heavy dependencies on hegemonic powers like the United States and China.
- Beyond eliminating tariffs on more than 500 products, the pact establishes new mechanisms for resolving trade disputes and digital trade rules; it also provides greater access for small and medium-sized enterprises to the European market.
- Provisional entry into force for the commercial chapter will likely occur in the coming months without waiting for approval from all 27 EU countries, though the full document requires ratification by the Mexican Senate and European institutions.
- Ahead of the North American trade agreement review this July, this rapprochement serves as a response to protectionist policies from the United States, positioning Mexico to strengthen its trade standing amid shifting global trade dynamics.
103 Articles
103 Articles
Sheinbaum Welcomes the ‘Historical Moment’ in the Relationship with the EU Following Trade Agreement
Mexico City, May 22 (EFE).- Mexico’s president Claudia Sheinbaum said Friday that her country’s relationship with the European Union is experiencing a “historic” moment of cooperation and shared development, following the signing of the Modernized Global Agreement with the President of the European Commission, Ursula von der Leyen. “Mexico welcomes the European Union with the conviction that we live a historic moment in our relationship, a time …
In the face of US President Trump's aggressive customs policy, trading partners are trying to reduce their dependence on the US. The EU and Mexico want to make closer ties. Numerous tariffs between the two economic areas are to fall.
Mexico and the European Union signed on Friday in Mexico City a revision of their trade agreement which provides for a reduction of their tariffs in order to diversify their economies and circumvent the aggressive protectionism of US President Donald Trump.
Sueddeutsche Zeitung
TagesschauThe new agreement between Mexico and the EU provides for duty-free access for almost all goods and is intended to protect both sides against US President Trump's customs policy.
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