Brussels: The European Union and Mexico have taken a significant step forward in their partnership by signing the Modernised Global Agreement and an Interim Trade Agreement. This development is poised to deliver substantial benefits to European citizens, businesses, and the agri-food sectors by creating opportunities in trade, investment, and clean technologies, while also reinforcing supply chains and supporting climate objectives.

According to Emirates News Agency, the new agreements aim to remove trade barriers, bolster economic growth, and secure sustainable access to essential raw materials. A key feature of the agreements is the removal of 95% of high Mexican tariffs, which is expected to increase market access for EU agri-food exports to Mexico. Additionally, the agreements will provide protection for 568 EU Geographical Indications.

Mexico, which stands as the EU's second-largest trading partner in Latin America, plays a crucial role in the EU's trade strategy. In 2025, Mexico imported EU agri-food products worth £2.5 billion, making it the second-largest importer of such products in the region. This enhanced partnership is anticipated to further solidify economic ties and foster mutual growth.