Mexico and the EU seal a historic agreement that boosts trade and cooperation

Mexico and the European Union have taken a significant step forward in their economic relations by concluding the modernization of their Global Agreement. This agreement, the result of nearly nine years of negotiations, establishes a broader and deeper framework for cooperation between the two blocs, strengthening their trade and political ties.

One of the main benefits of this agreement is greater market access for products from both blocs. Thanks to the elimination of tariffs on a wide range of products, including agricultural products such as chicken, milk powder, cheese, and pork, a significant increase in bilateral trade is expected. This represents a great opportunity for Mexican and European companies to expand their operations and reach new consumers.

In addition to facilitating trade in goods, the agreement also includes provisions to facilitate trade in services, such as financial, postal, telecommunications, transport, and environmental services. This will allow companies from both blocs to offer a wider variety of services in the markets of their trading partners.

Another highlight of the agreement is its focus on sustainability and sustainable development. The agreement establishes progressive standards in terms of environmental protection, the fight against climate change, and the promotion of fair labor practices. This demonstrates the commitment of both blocs to building a more sustainable and equitable future.

Likewise, the agreement strengthens cooperation on strategic issues such as digitalization, security, and the fight against corruption. This will allow Mexico and the EU to work together to address global challenges and take advantage of the opportunities offered by the digital economy.

Finally, the agreement includes solid provisions to protect investments and intellectual property rights, which provides greater certainty for investors and promotes innovation.

In summary, the modernization of the Global Agreement between Mexico and the EU represents a milestone in bilateral relations. This agreement will not only boost economic growth and job creation but will also strengthen cooperation on issues of great global relevance, positioning both blocs as leaders in building a more prosperous and sustainable future.