The approval of the Modernised Global Agreement between Mexico and the European Union by the European Parliament represents a key step in strengthening Mexico’s trade diversification strategy, by expanding preferential access for Mexican products to one of the world’s most important markets and opening new opportunities for exports and attracting investment, the Secretary of Economy stated this morning.
Economy Secretary Marcelo Ebrard highlighted that the agreement could become operational this year, once the Senate of the Republic completes the corresponding ratification process.
He noted that an increase in exports of agricultural products is expected, as well as from the automotive industry, auto parts and other strategic sectors.
With this approval, the European Union concludes the substantive part of the ratification of the trade component of the agreement, which will replace the framework in force since 2000.
Among the main benefits is that virtually all Mexican exports will be able to enter the European market under a free trade agreement , with preferential treatment. The sectors that will benefit include agri-food, beverages with designation of origin, advanced manufacturing, automotive, auto parts, medical devices, and the chemical and pharmaceutical industries.
Furthermore, the new agreement strengthens Mexico’s position as one of the few economies in the world with preferential access to both the European Union and North American markets through the USMCA , increasing its attractiveness for international investment and trade.
The figures reflect the importance of this trade relationship. During 2025, bilateral trade between Mexico and the European Union reached $88.306 billion , consolidating the European bloc as the country’s third largest trading partner and the second largest export market for Mexican products.
In that same year, national exports to Europe totaled 23,817 million dollars , equivalent to 3.6% of the total exported by Mexico.
In terms of investment, the European Union positioned itself as the second largest investor in the country, with a Foreign Direct Investment of 9 billion 887 million dollars, equivalent to 24.2% of the total attracted by Mexico in 2025.
With the modernization of the agreement, the Mexican government seeks to consolidate a new stage in the economic relationship with Europe, boosting the competitiveness of national industry, diversifying export markets and strengthening the arrival of new investments to the country.
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