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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As part of the second edition of the National Made in Italy Day, Mexican and Italian officials reaffirmed the economic relationship between the two nations, with an emphasis on the industrial machinery sector and the modernization of the Global Agreement between Mexico and the European Union, which highlights the elimination of tariffs .

At the event, Alessandro Modiano, Italian ambassador to Mexico, noted that Mexico is the leading destination for Italian imports in the entire American continent , with the exception of the United States, where the leading sector of these exports is industrial machinery, accounting for nearly 40 percent.

The diplomat highlighted the importance of diversification as a “key word” in the context of turbulence in international trade , and in this context, Mexico has been included on a list of priority countries for the Italian Ministry of Foreign Affairs .

For his part, Francisco André, the European Union ambassador to Mexico, detailed the new Global Agreement between the country and the European Union, which will be signed in early 2026, where he highlighted the elimination of tariffs in all sectors .

“In particular, this agreement will eliminate tariffs across all sectors. Tariffs, which unfortunately are a word we hear more often than we’d like, are a term we hear these days. But while some are raising tariffs, our modernized agreement will eliminate them by nearly 100 percent,” he declared.

He also indicated that the agreement seeks to protect European Union investments in Mexico, and noted that the region is the second-largest investor in the country and the second-largest export destination, generating around six million jobs in Mexico. He also emphasized that of the 50,000 European Union companies that export to the country , 10,000 are Italian, and 80% are small and medium-sized enterprises.

For his part, Sergio Contreras, executive president of the Mexican Business Council for Foreign Trade, Investment, and Technology (COMCE) , stated that Mexico, as a leading country in various industries, including the automotive industry, requires high-precision machinery to drive its growth . As a major buyer of Italian machinery, he stated, “it reflects the country’s potential to incorporate innovation into its production processes.”

For her part, María De Haas Matamoros, Director General of International Relations at the Ministry of Economy , highlighted the similarities between the “Made in Mexico” program and Made in Italy , noting that both are more than seals of origin, as they represent the essence of creativity, ingenuity, and the ability to transform tradition into innovation.

During the event, which took place at the residence of the Italian ambassador to Mexico, the Ingenium report by the Confindustria Study Center was presented , highlighting the importance of Latin America in the context of the reconfiguration of trade flows. Between 2018 and 2023 alone, Italian machinery exports to the region grew 6.7% annually; and Mexico is the main buyer of high-tech Italian machinery in Latin America .

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The European Union (EU) announced yesterday that negotiations with Mexico to modernize the Global Agreement that has governed their political, economic and cooperation relations since 2000 have been concluded.

Through a statement, it was reported that this new agreement, the result of a dialogue between Maroš Šefčovič , EU Commissioner for Trade and Economic Security, and Marcelo Ebrard, Secretary of Economy , seeks to strengthen and diversify bilateral relations through a more ambitious, modern and sustainable framework.

The agreement focuses on fostering political dialogue, strategic cooperation and economic relations , promoting shared values ​​such as human rights, democracy and sustainable development.

It also sets advanced standards to combat corruption in the public and private sectors , and addresses global issues such as climate change, international security and strengthening sustainable supply chains.

Trade between the EU and Mexico is already significant, with goods worth €82 billion in 2023 and services worth €22 billion in 2022.

This agreement seeks to further strengthen the economic relationship through the elimination of tariff and non-tariff barriers , new opportunities for European exports in sectors such as agri-food, financial services and telecommunications; and rules to strengthen the supply chains of critical raw materials.

In addition, it has a chapter dedicated to digital commerce that promotes technological transition in both regions.

On the other hand, it was stressed that this agreement will protect and encourage European investments in Mexico.

A central aspect of the agreement is its chapter on trade and sustainable development , which includes binding commitments on labor rights, environmental protection and corporate responsibility.

This will be supervised by a specific dispute resolution mechanism and will have the active participation of civil society organizations.

Benefits for European farmers

The deal removes tariffs of up to 100% on key products such as cheese, pork, chicken, wine and chocolate, which will benefit European exporters.

In addition, it extends the protection of Geographical Indications to 568 iconic European products, improving their recognition and competitiveness in the Mexican market.

Next steps

Once the political negotiations are concluded, both parties will proceed with the corresponding legal and ratification procedures.

This renewed agreement, which will replace the one in force since 2000, establishes a platform for a stronger, more inclusive relationship adapted to the global challenges of the 21st century.

Since 2008, Mexico has been one of the EU’s 10 strategic partners, and negotiations to modernize the Global Agreement began in 2016, marking the commitment of both regions to strengthen their partnership in key areas such as the economy, climate change and human rights.

It should be noted that the recently announced Foreign Trade Policy of the Mexico Plan includes strengthening the country’s trade agreements as one of its priorities.

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At the 19th Annual Convention of the Mexican Institute of Foreign Trade Executives (IMECE) , Roberto Zapata , former Mexican ambassador to the World Trade Organization (WTO) and partner at Ansley Consultores Internacionales , considered that Mexico is in an unbeatable position to trigger nearshoring , due to its geographic location and, among other factors, the Treaty between Mexico, the United States and Canada (T-MEC) .

In this regard, he said that it must be understood that foreign trade is the most important dimension of the Mexican economy, so in view of the review of the T-MEC, which will take place in 2026, the negotiating team must defend what it has already won.

In addition, the country must open up to trade agreements with the European Union and seek other markets, as well as make progress on internal issues, such as infrastructure investment.

Zapata said that the review will be harsh, since the president-elect of the United States, Donald Trump , threatened to impose tariffs of 25% on Mexico if it did not stop the flow of migrants, which is linked to issues that are not commercial.

In response, he suggested trying to approach Trump’s team before he takes office, in order to try to deactivate that measure.

At the roundtable discussion Mexico in the world capitalizing on opportunities , Julie Poirier , trade policy advisor at the Canadian Embassy in Mexico , highlighted the achievements over the past 30 years with trade collaboration and the USMCA, which has translated into an increase in trilateral trade .

Although he said there are opportunities for Mexico due to nearshoring , he pointed out that there are also challenges that are linked to the country’s current situation, as well as energy infrastructure, the lack of industrial spaces, water supply and reforms such as that of the Judiciary.

Canadian companies have a vision of sustainable development and are ready to invest more, especially in the mining sector, he said, adding that the review of the USMCA is an opportunity for this trade agreement to remain valid and useful , and will also allow Mexico to think more about Canada and vice versa.

For his part, Jorge Peydro Aznar , head of the economic and commercial section of the European Union delegation in Mexico , said that for European companies to invest in our country, various factors must be guaranteed , including, he said, the energy issue, which must come from renewable sources. Other challenges include providing legal certainty and strengthening the infrastructure on roads and airports, and combating insecurity.

He said that for Europe, Mexico is a land of opportunity, despite all the areas of opportunity that exist, since it continues to be a stable country.

In turn, Samanta Anguiano , general director of China Chamber Mexico , said that Chinese companies seek certainty in their investments , infrastructure , energy and talent training .

He explained that there are challenges with business culture and other factors such as time zones in that Asian country. He also stated that China will be an important issue in the review of the USMCA in 2026.

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In an event held at the headquarters of the Mexican Mission to the European Union (EU) in Brussels, Belgium, the Mexico-European Union Chamber of Commerce (MexChamEU) was officially established , with the aim of increasing investments and strengthening relations bilateral.

The ceremony was presided over by the Undersecretary of Foreign Affairs, María Teresa Mercado, who had a virtual presence and highlighted the importance of this new entity to strengthen economic and commercial ties between Mexico and the 27 member states of the European Union.

In that sense, this initiative seeks to create a bridge between the business communities of both regions , promoting economic growth and innovation.

At the event, the head of Mexico’s mission to the EU, Rogelio Granguillhome Morfín, stressed the importance of the chamber in promoting key sectors such as technology, agriculture, manufacturing and renewable energies.

“The establishment of MexChamEU represents a significant step towards strengthening bilateral trade and attracting European investments to Mexico, ensuring mutual economic benefits,” said Granguillhome.

For his part, the president of the Chamber of Commerce, Gokhan Kantarcigil, expressed his enthusiasm for the launch at a crucial time for the dynamics of global trade.

“Our mission is to create new opportunities, boost economic growth and encourage innovation by taking advantage of the strengths of Mexico and the European Union,” said Kantarcigil.

The chamber of commerce will place special emphasis on supporting small and medium-sized businesses (SMEs)  to expand into new markets, providing useful information and networking opportunities with other companies.

In addition, it will be the voice of business, advocating for policies that facilitate trade and investment , and addressing any barriers that hinder economic cooperation.

The ceremony was attended by European government officials, associations and business leaders , as well as diplomats from other countries accredited to the EU. Strategies for economic growth and business collaboration were discussed .

MexChamEU announced a series of initiatives and events including information sessions with European and Mexican business associations, as well as with Mexican embassies in Europe.

This launch highlights the commitment of both regions to foster a fruitful and lasting economic collaboration for the benefit of their business communities.

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El cargo A chamber of commerce is created between Mexico and the European Union to boost investments apareció primero en T21.

In an event held at the headquarters of the Mexican Mission to the European Union (EU) in Brussels, Belgium, the Mexico-European Union Chamber of Commerce (MexChamEU) was officially established , with the aim of increasing investments and strengthening relations bilateral.

The ceremony was presided over by the Undersecretary of Foreign Affairs, María Teresa Mercado, who had a virtual presence and highlighted the importance of this new entity to strengthen economic and commercial ties between Mexico and the 27 member states of the European Union.

In that sense, this initiative seeks to create a bridge between the business communities of both regions , promoting economic growth and innovation.

At the event, the head of Mexico’s mission to the EU, Rogelio Granguillhome Morfín, stressed the importance of the chamber in promoting key sectors such as technology, agriculture, manufacturing and renewable energies.

“The establishment of MexChamEU represents a significant step towards strengthening bilateral trade and attracting European investments to Mexico, ensuring mutual economic benefits,” said Granguillhome.

For his part, the president of the Chamber of Commerce, Gokhan Kantarcigil, expressed his enthusiasm for the launch at a crucial time for the dynamics of global trade.

“Our mission is to create new opportunities, boost economic growth and encourage innovation by taking advantage of the strengths of Mexico and the European Union,” said Kantarcigil.

The chamber of commerce will place special emphasis on supporting small and medium-sized businesses (SMEs)  to expand into new markets, providing useful information and networking opportunities with other companies.

In addition, it will be the voice of business, advocating for policies that facilitate trade and investment , and addressing any barriers that hinder economic cooperation.

The ceremony was attended by European government officials, associations and business leaders , as well as diplomats from other countries accredited to the EU. Strategies for economic growth and business collaboration were discussed .

The MexChamEU announced a series of initiatives and events including information sessions with European and Mexican business associations, as well as with Mexican embassies in Europe.

This launch highlights the commitment of both regions to foster a fruitful and lasting economic collaboration for the benefit of their business communities.

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