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.
131 Articles
131 Articles
The renewal of the agreement between the European Union and Mexico is of utmost importance because it binds us for a longer period and promises to bring even more benefits to both sides, writes Ursula von der Leyen.
With USMCA Exit Looming, Urgency Arrives - Mexico Signs Trade Deal with European Union
It’s not Mexico that needs a trade deal with Europe, it’s the opposite. For almost two decades Europe has been investing heavily inside Mexico, particularly noted in the auto industry, as they positioned themselves to take advantage of NAFTA and later the USMCA as an entry to the U.S. market. European auto companies spent billions […]
Ursula von der Leyen signed this Friday the Integrated Trade Agreement (ICA) between the European Union and Mexico. The new legal framework will liberalize 94% of trade between the US and the eurozone. Currently, the trade gap between the two exceeds 90 billion dollars a year (77,570 million euros). The holder of the EU was received in Palacio Nacional by the Mexican president Claudia Sheinbaum. Also attended the signature the president of the E…
The EU and Mexico have agreed to expand each other's markets by further eliminating import tariffs. To this end, European Commission President Ursula von der Leyen, President of the EU Council António Costa, and Mexican President Claudia Sheinbaum met in Mexico City on Friday for a preliminary statement.
At the EU-Mexico summit, Ursula von der Leyen and Antonio Costa, together with Mexican President Claudia Sheinbaum, signed an updated trade agreement with Mexico, which Brussels says will boost trade between the two sides.
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