Ursula Von Der Leyen Visiting Mexico to Establish New Trade Agreements
The pact would eliminate nearly all tariffs and expand market access for small and medium-sized businesses, 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.
23 Articles
23 Articles
Mexico. Mexico will sign this Friday a modernization of its trade agreement with the European Union that reduces tariffs in order to diversify its economies and circumvent the protectionist policy of President Donald Trump.The update of this agreement coincides in fact with the negotiations between Mexico, the United States and Canada for the revision of their free trade agreement, vital for their economy.The EU is Mexico's third largest trading…
Mexico, EU to sign stalled trade deal as they aim to diversify from US
MEXICO CITY, May 22 - Mexico and the European Union are set to sign a long-stalled free trade agreement on Friday as they seek to decrease dependence on the U.S. and partially insulate themselves from U.S. President Donald Trump's tariffs. Read more at straitstimes.com.
The European Union and Mexico today sign an expanded version of their existing trade agreement in Mexico City.
Newsletter: EU makes its trade play in Mexico
As top European Union officials travel to Mexico on Friday to finalise a revived EU-Mexico trade deal, NATO foreign ministers will meet for a second day in Sweden to try to decipher Washington’s increasingly confusing military posture in Europe.
Europe and Mexico are bringing together economically. For Ursula von der Leyen and Claudia Sheinbaum, the agreement comes at exactly the right time.
Ursula von der Leyen and Antonio Costa, the two heads of the European executive, arrived in Mexico on Thursday 21 May. The President of the Commission and the President of the European Council will meet this Friday 22 May Claudia Sheinbaum, the Mexican President, to sign a free trade agreement between two partners seeking new ties in an international climate disrupted by Donald Trump.
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