EU and Mexico conclude negotiations on revised trade agreement

The new agreement, the Commission said, will provide duty-free exports for EU agricultural and food products, while simplifying export procedures and increasing protection for distinctive European products such as goods with geographical indications. A separate chapter will address digital trade and the green transition, contributing to sustainability and innovation.

The agreement will include legally binding rules on labour rights, the environment and the fight against climate change, while promoting the protection of human rights, multilateralism and international security. The agreement is an important tool to strengthen strategic cooperation between the EU and Mexico on issues such as organised crime, migration and the sustainable supply of critical raw materials, according to a Commission press release, which also requires approval by the other EU institutions and the Mexican legislature.

European Commission President Ursula von der Leyen said the revised agreement would open up new trade opportunities for EU exporters, including farmers and agri-food companies.