On May 22, 2026, Mexico and the European Union signed the Modernized Global Agreement at the National Palace, along with an interim trade deal set to take effect almost immediately.
The new agreement replaces the one in force since 2000 and covers 99 percent of traded goods tariff-free. It includes binding commitments on sustainable development, climate change and human rights.
The European Union announced 5 billion euros to support Plan Mexico through the Global Gateway strategy. More than 45,000 European companies will gain preferential access to the Mexican market.
The pact creates a permanent investment tribunal with judges appointed by both sides, public proceedings and an appeals option. This replaces the previous private arbitration system.
Mexico and the EU maintain bilateral trade exceeding 86 billion dollars in 2025, with the EU as the second-largest foreign investor in the country.
