Mexico and the European Union signed the modernization of their global agreement on Friday at the National Palace. The ceremony was led by President Claudia Sheinbaum and European Commission President Ursula von der Leyen.
The updated agreement modernizes disciplines in agricultural products, services and government procurement. It also adds new rules on investment protection, anti-corruption and sustainable development.
The commercial part requires ratification by the European Parliament and the Mexican Senate, which could occur in the second half of 2026. The non-commercial side needs approval from the parliaments of the 27 European Union member states.
Bilateral trade reaches 90 billion dollars annually in goods and 30 billion in services. César Guerra, secretary general of the Mexico-European Union Chamber of Commerce, noted that products such as tortillas, orange juice and honey will gain progressive tariff preferences.
